Explain why the following statement is true: The retained earnings account reportedon the balance sheet does not represent cash and is not “available” for dividend paymentsor anything else.
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Explain why the following statement is true: The retained earnings account reported
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- Explain why the following statement is true: “The retained earningsaccount, as reported on the balance sheet, does not represent cashand is not available for the payment of dividends or anything else.”Which of the following is a permanent account? a. Dividends Distributed b. Allowance for Doubtful Accounts c. Interest Expense d. SalesWhat is accounts receivable? Is it something good? I see these things called current assets and current liabilities What are they? Why show them? I still don’t understand what the Statement of Retained Earnings is all about and why do I need it. What is retained earnings? What is that thing called a dividend? Is it an expense?
- Explain whether each of the following balance sheet items increases, reduces, or has no directeffect on a company’s ability to pay its obligations as they come due. Explain your reasoning.a. Cash.b. Accounts Payable.c. Accounts Receivable.d. Capital Stock.What is the impact on the accounting equation when an accounts receivable is collected? A. both sides increase B. both sides decrease C. only the Asset side changes D. the total of neither side changesWhat is accounts receivable? Is it something good? I see these things called current assets and current liabilities. What are they? Why show them? I still don’t understand what the Statement of Retained Earnings is all about and why do I need it. What is retained earnings? What is that thing called a dividend? Is it an expense? How would you respond to each of these questions
- The Statement of Cash Flows is prepared instead of the Retained Earnings Statement. Group of answer choices This statement is true. This statement is false. This statement is ambiguous. There is not enough information given to determine the truth of this statement.What is the impact on the accounting equation when a payment of accountable payable is made? what is the impact on accounting equation when an account receivable is collected? what is the impact on the accounting equation when a sell occurs? what is the impact on the accounting equation when stock is issued, in exchange for assets? which of the following accounts is increased by a debit? which of the following camp do not increase with a debit entry? which of the following pairs increase with credit entries? which of the following pairs of accounts are impacted the same with debits and credits? which of the following count normally have a debit balance? what type of account is prepaid insurance?With regard to cash dividends, an entry is not made on the A.date or payment and date of declaration. B.date of record. C.date of declaration. D.date of payment.
- ductory financial accounting_ Liquidity is simply: O a. another term for non-current assets O b. a company's ability to pay obligations when due O c. another term for current liabilities O d. another term for cash ype here to searchEquity is not affected by all a. Cash receipts b. Revenue c. Dividends d. Expenses5. true? Which of the following statements concerning the income statement is not It can be called the profit and loss statement The heading must indicate the length of time the report covers It shows the change in the entity's cash balance for the period It is divided into two sections, income and equity C and D are both not true ABCDE A. B. C. D. E.
