Hi, i'm currently in the investments chapter of my accounting book For financial assets at fair value through other comprehensive income - Equity (FVTOCI-equity) i know when the company pays dividends you have to do an entry like this cash 5000 dividend revenue 5000 but my question is when the company pays net income do you also have to do an entry? why or why not?

Hi, i'm currently in the investments chapter of my accounting book For financial assets at fair value through other comprehensive income - Equity (FVTOCI-equity) i know when the company pays dividends you have to do an entry like this cash 5000 dividend revenue 5000 but my question is when the company pays net income do you also have to do an entry? why or why not?

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter1: Accounting As A Form Of Communication

Section: Chapter Questions

Problem 1.15MCE

See similar textbooks

Similar questions

i dont know what would count as the revenue portion of the income statement. i need help just knowing where all these would go for and income statement, statement of stockholders equity and a balance sheet please.
I have a couple of questions that are related. Please answer thoroughly. Thanks!1) Are all accounts on the Income Statement temporary accounts? Are they DR or CR?2) There are several types of Dividends as I understand such as Dividends Delivered. Could you please list all Dividend type accounts and what each one is (like give an example), also are they temporary accounts? Do they only appear on Statement of Retained Earnings?
Hello accounting tutors. Can you help me to answer this?. kindly see the attached image below or this link >> https://drive.google.com/file/d/1D4KNMJHHVMxVKdYvbABzQLTSijz2ZU9m/view
B16.
I asked this question previously but they did not answer it in full! Please tell me if the following accounts are REAL or NOMINAL1) Accounts Payable2) Service Fees Revenue3) Tax Expense4) Cash5) Accounts Receivable6) Smith, Drawings7) Interest Receivable8) Retained Earnings9) Depreciation Expense10) Interest Income11) Invemtory12) Bonds Payable13) Common Stock14) Prepaid Insurance15) Sales16) Cost of Goods Sold17) Supplies Expense18) Supplies on Hand19) Wages Payable20) Mortgage Payable
Hi I need help on what is the answer for this accounting problem. Below is the pictures and the reference to help. I hope you can help me https://drive.google.com/drive/folders/1d_SOeDa1Z66eCS0MvUSTNCWlRlFVxUSH?usp=sharing
Could you tell me if the following Accounts are Assets, Liabilities or Equity?1) Accounts Receiveable2) Smith, Capital3) Wages, Payable4) Cash5) Interest Receivable6) Taxes Payable7) Smith, Drawings8) Retained Earnings9) Buildings10) Land
"The following table summarizes the rules of debit and credit. For each of the items A through L, indicate whether the proper answer is a debit or a credit.IncreaseDecrease Normal BalanceBalance sheet accounts:AssetABDebitLiabilityCDebitDStockholders’ equity:Common StockCreditEFRetained EarningsGHCreditDividendsDebitCreditIIncome statement accounts:RevenueJKCreditExpenseLCreditDebit"
Analyze the financial statements of the company to you in terms of:1) Liquidity 2) Solvency3) Asset management4) Debt management5) Profitability2020 Analysis BUT also compare with 2018 - 2019. Please show your solution on computation.
The journal entry to record the amount receivable when a call is made by the company is: Select one: a. DR Allotment CR Share capital b. DR Cash Trust CR Call c. DR Call CR Share capital d. DR Share capital CR Call
What summary of financial performance can you conclude based on data given?
Under the column Financial Statement, choose from the list of codes below, the appropriate financial statement where the accounts listed would appear. Financial Statement Code Income Statement I/S Balance Sheet B/S Statement of Owner's Equity O/E b. For the column Balance Sheet Classification, choose the appropriate balance sheet classification from the list of codes below. If the account does not belong on the balance sheet, use the code n/a. Balance Sheet Classification Code Current Assets CA Long-term Investments LTI Property, Plant and Equipment PPE Intangibles I Goodwill G Current Liabilities CL Non-Current Liabilities NCL Owner's Equity OE Not on the Balance Sheet n/a a. b. Accounts in financial statement Financial Statement Balance Sheet Classification Accumulated depreciation – furniture Interest…