12. Journal entries to record cash dividends are made on the: a. Declaration dat
ID: 2462350 • Letter: 1
Question
12. Journal entries to record cash dividends are made on the: a. Declaration date, record date, and payment date. b. Record date and payment date. e. Delaration date and payment date. d. Delaration date and record date 13·The statement of stockholders' equity shows a. Only the ending balance in cach stockholders' equity account b. How each equity account changed over time. c. Only the beginning balance in each stockholders' equity account. d. Less information than the stockholders' equity section in the balance sheet. How does the stockholders' equity section in the balance sheet differ from the statement of stockholders' equity 14. The stockholders' equity section is more detailed than the statement of stockholders' equity The stockholders' equity section shows balances at a point in time, whereas the statement of stockholders' equity shows activity over a period of time. The stockholders' equity section shows activity over a period of time, whereas the statement of stockholders' equity is at a point time. a. b· e. d. There are no differences between them. 15. Operating cash flows exclude: a. Interest received. b. Interest paid. c. Dividends received d. Dividends paid. 16. The issuance of notes payable for borrowing is classified in the statement of cash flows as a(n) a Operating activity b. Investing activity c. Financing activity d. Noncash activity 17. Under what section of the Statement of Cash Flows would you classify the purchase of equipment by issuing a long-term note payable? a. Operating b. Investing. Financing d. Noncash activityExplanation / Answer
12.a. declaration date , payment date , record date
13.b. how each equity account changed overtime
14.d. there are no difference between them
15.d. dividend paid
16.c. financing activity
17.b. investing activity
18.a. subtract depreciation expense
19.a . II only
20.b. Repayment of long term debt is classified as a cash outflows from investing activities on the statement of cash flows
C. losses on the sale of long term assets are an adjustment reported in the operating activities section of the statement of cash flows under the indirect mehod.
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