Explain How to account for cash dividends and describe the effect of stock dividends and stock splits

Anonymous
timer Asked: Jan 4th, 2018
account_balance_wallet $5

Question description

This is a class question that needs to be answer with at least 150 words. I would like it explain in your own words, but if not please cite-in-text with reference. No Plagiarism

Explain How to account for cash dividends and describe the effect of stock dividends and stock splits?

Tutor Answer

DENIQUE
School: University of Maryland

Attached.

Running Head: ACCOUNTING

1

Accounting
Institutional Affiliation
Date

ACCOUNTING

2

Cash dividends well-recognized as dividends are the net income corporation distribution.
When a cash dividend is declared by the board of directors, debit retained earnings or incomes
account plus credit dividends payable record, thus lower equity along wit...

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Anonymous
Wow this is really good.... didn't expect it. Sweet!!!!

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