The statement of changes in financial position was designed to enable financial statement a) Where did the profit go? b) What do you mean by dividend? Explain c) How was it possible to distribute dividends in the presence of a loss?

Q: Which of the following would result in an increase in Retained earning account? * Positive prior…

A: Hi student Since there are multiple questions, we will answer only first question.

Q: In the Statement of Changes in Equity, the result from the Statement of Profit or Loss is always…

A: The income statement is prepared to find the profit or net loss incurred during the period.

Q: When stock is purchased with cash and held in treasury,what is the impact on the balance sheet…

A: Answer:   Option d

Q: Which of the following regarding retained earnings is false?a. Retained earnings is increased by net…

A: Answer:   Option c

Q: When the Dividends account increases, how is the Accounting Equation impacted? O Decrease…

A: Dividends are the distributions that a company makes out of the earned profits to its shareholders…

Q: stockholders wanted to know how Cash flowed into and out of the company, what financial statement…

A: The three financial statements are enumerated below  1. Cash flow statement 2. Balance sheet. 3.…

Q: One major component of Equity is Retained Earnings. What does Retained Earnings represent? Group of…

A: Retained earnings are undistributed profits of the company and the same is retained for future…

Q: Which statement below is true? Retained earnings unappropriated is shown as part of reserves in the…

A: Accounting policies are the  principles rules and practices that are applied by entity in preparing…

Q: What are the formulas used to get the answer in dividens, addition to retained earnings, short-term…

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Q: a) Where did the profit go? b) What do you mean by dividend? Explain c) How was it possible to…

A: Statement of cash flows:   It is one of the financial statement that shows the cash and cash…

Q: What is the impact on the accounting equation when stock is issued, in exchange for assets?A. both…

A: Accounting equation is one of the important concept of accounting. Under this, three elements are…

Q: Which of the following will reduce Retained Earnings? a. Declaration of a stock dividend b. Payment…

A: Retained earnings refer to the part of net income that is left over after paying all the expenses.…

Q: 4) The statement of changes in financial position was designed to enable financial statement users…

A: Statement of changes in financial position is also called as cash flow statement. It is the…

Q: Indicate whether statements regarding dividends is true or false. Cash and stock dividends reduce…

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Q: Which of the following statements regarding equity is not true? It is defined independently of…

A: The accounting equation states that assets equals to sum of liabilities and shareholders equity.

Q: Which of the following occurs when a previously declared dividend is paid? Assets increase Equity…

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Q: To find out the total amount of dividends distributed by the company, one should refer to   Choices;…

A: Introduction:- The following are main financial statements of company as follows under:- Income…

Q: What is the purpose of making a Statement of Changes in Equity in a Company?

A: Statement of changes in equity is the reconciliation of beginning and ending balances of…

Q: Which statement regarding dividends is false?a. Dividends represent a sharing of corporate profits…

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Q: The following statements are true regarding dividends. Which of the following is incorrect?   a)…

A: Dividend is the amount which is paid to the shareholders for investing their money into the shares.…

Q: Payment of dividend is reported as cash ?flow from "operating" activities اخترأحد الخیارات a. True O…

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Q: he primary purpose of the Balance Sheet is to reflect: a. Firm’s potential for growth in stock…

A: Solution: The primary purpose of the Balance Sheet is to reflect " Firm’s resources and how they…

Q: Which of the following will result when a dividend is paid? A debit to dividends payable. A credit…

A: Concept used : When dividend is paid then journal entry will be to debit the dividend payable and…

Q: Which of the following statements about stockholders' equity is not correct? Group of answer choices…

A: The stockholders equity is represented in the balance sheet of the business.

Q: Explain how the Du Pont system of analysis breaks down return on assets. Also explain how it breaks…

A: A stakeholder is defined as a "person or group that has an interest in any decision or action of an…

Q: Which is not a required component of a complete set of financial statements under PAS 1? A.…

A: According to the Philippine Accounting Standards, PAS 1 deals with the presentation of the financial…

Q: equired: repare the following: • Statement of profit and loss o Statement of changes in equity •…

A: Statement of Profit and loss The purpose of preparing the statement of profit and loss account which…

Q: On April 1, Sage Hill Inc. was established. These transactions were completed during the month.…

A: Analysis of transactions  A transaction can be defined as any economic activity pertinent to a…

Q: Sales revenue is reported in the stockholder’s equity section of the balance sheet? True/false

A: Sales revenue: Revenue generated from the sales called sales revenue. Sales revenue = selling price…

Q: The effect of a stock dividend is to change the composition of stockholders' equity. decrease total…

A: The stock dividend is a method of capitalizing the retained earnings. Generally, the large stock…

Q: Why does the equity method record dividends from an investee as a reduction in the investment…

A: The carrying amount or the book value of the investment is reduced in order to record the dividend…

Q: 20. Are the following statements true or false, according to IAS1 Presentation of Financial…

A: Introduction:- Preparing a financial statement is the final step in the accounting process before…

Q: Which of the following items reduces Net Income? (check all that apply) Revenues Stockholders'…

A: The difference of revenues and expenses is known as net income.

Q: Which of the following statements is not true? O a. Expenses increase stockholders' equity. O b. The…

A: The accounting equation states that assets equal to sum of liabilities and equity.

Q: a. Where should a declared but unpaid cash dividend be reported on the balance sheet?b. Where should…

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Q: Which of the following does not decrease retained earnings? Select one: a. Stock dividends b. Cash…

A: In this question has covered the concept of Retained Earnings

Q: 1) Ifa business had a net loss for the year, what would be the closing entry to close income summary…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: TRUE OR FALSE? The total retained earnings can be declared as dividends.

A: Retained earnings: Retained earnings are those profits that the company has been accumulated over…

Q: Which of the following would cause a decrease in stockholders' equity? (A) Purchase of equipment (B)…

A: The shareholder's equity section is a section of the company's balance sheet. It is a section that…

Q: i) Central to the previous calculations of company valuations are the payment of dividends. The…

A: A company can issue two types of shares: preference shares and equity shares. Preference shares are…

Q: The increases in stockholders' equity attributable to selling services or products to customers are…

A: Stockholder’s equity is the money which is invested by the shareholders’ who are the owners of the…

Q: The statement of changes in financial position was designed to enable financial statement users to…

A: Answer: The statement of financial position is statement which shows the profit and losses during an…