Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a) . declaration of cash dividends increases liabi

a) . Declaration of cash dividends increases liabilities and decreases shareholders equity. b) A correction...

60.1K

Verified Solution

Question

Accounting

a) . Declaration of cash dividends increases liabilities and decreases shareholders equity.

b) A correction of a prior period error would lead to restatement of the opening balance of retained earnings.

please help true or false

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A particle is projected from the ground at t 0 so that on its way...

Physics
Q

crate of medicine with a density of 2 200 kilograms per cubic meter will be...

Geometry
Q

a How many homes were included in the survey b In how many homes were...

Basic Math
Q

ter 7b Quiz 7 3 7 6 12 6 K Que A survey approximates the...

Basic Math
Q

determine lim f x I 2 What theorem did you use to arrive at your...

Calculus
Q

1 Language Acquisition Almost all humans acquire at least one language before the age of...

Algebra
Q

Accrual accounting relates the financial effects af a company 's transactions. a) so that the...

Accounting
Q

Sanders Company has total assets of $415 million. Its total liabilities are $115.1 million, and...

Accounting
Q

Below is the static budget for various cakes manufactured by Messa's Bakery: The following actual...

Accounting
Q

Dilly Farm Supply is located in a small town in the rural west. Data regarding...

Accounting
Q

6) Assume that you are planning to buy a home. so you decided to save...

Finance
Q

1) Which of the following tax credits is not refundable? A.Family tax credit. B.Saver's credit....

Accounting