Hi, i'm currently in the investments chapter of my accounting book For financial assets at fair value through other comprehensive income - Equity (FVTOCI-equity) i know when the company pays dividends you have to do an entry like this cash 5000 dividend revenue 5000 but my question is when the company pays net income do you also have to do an entry? why or why not?

Hi, i'm currently in the investments chapter of my accounting book For financial assets at fair value through other comprehensive income - Equity (FVTOCI-equity) i know when the company pays dividends you have to do an entry like this cash 5000 dividend revenue 5000 but my question is when the company pays net income do you also have to do an entry? why or why not?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 13PB: You are a consultant working with various companies that are considering incorporating and listing...

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