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?
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?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
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