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Question 1   (i) An investor can only receive the next dividend if they purchase the share before the: A:Dividend declaration date. B:Ex-dividend date. C:Date of record. D:Payment date announced by the board of directors. (ii) Which of the following adjusting entries is/are correct? Depreciation expense                    Accumulated Depreciation      2. Prepaid rent                   Rent Expense     3. Unearned rent revenue                          Rent Revenue   4. Income Tax Expense                  Income Tax Payable A: 1 only B: 1 and 4 C: 1, 2 and 4 D: 1, 3 and 4

Question 1   (i) An investor can only receive the next dividend if they purchase the share before the: A:Dividend declaration date. B:Ex-dividend date. C:Date of record. D:Payment date announced by the board of directors. (ii) Which of the following adjusting entries is/are correct? Depreciation expense                    Accumulated Depreciation      2. Prepaid rent                   Rent Expense     3. Unearned rent revenue                          Rent Revenue   4. Income Tax Expense                  Income Tax Payable A: 1 only B: 1 and 4 C: 1, 2 and 4 D: 1, 3 and 4

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question 1

 

(i) An investor can only receive the next dividend if they purchase the share before the:

A:Dividend declaration date.

B:Ex-dividend date.

C:Date of record.

D:Payment date announced by the board of directors.

(ii) Which of the following adjusting entries is/are correct?

  1. Depreciation expense

                   Accumulated Depreciation

     2. Prepaid rent

                  Rent Expense

    3. Unearned rent revenue

                         Rent Revenue

  4. Income Tax Expense

                 Income Tax Payable

A: 1 only

B: 1 and 4

C: 1, 2 and 4

D: 1, 3 and 4

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