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  1. business
  2. accounting
  3. on may 1, year 1. love corporation declared a $88,

On May 1, Year 1. Love Corporation declared a $88,300 cash dividend to be paid...

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Accounting

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On May 1, Year 1. Love Corporation declared a $88,300 cash dividend to be paid on May 31 to shareholders of record on May 15. Required a. Record the events occurring on May 1, May 15, and May 31 in a horizontal statements model in the Cash Flow column, indicate whether the item is an operating activity (OA). Investing activity (IA), or financing activity (FA). Use NA to indicate that an element was not affected by the event. (Amounts to be deducted should be indicated with minus sign.) Income Statement Date Assets Balance Sheet Liabilities Common Stock - Retained Earnings Revenue - Expense - Net Income Cash Flow May 1 May 15 May 31

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