An Unbiased View of 1200 cash
An Unbiased View of 1200 cash
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Right after consuming his meal, LP Tae wished to pay for his food. The owner on the stall insisted that there was no need for LP Tae to pay for.
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Extend your request to INCLUDE supplemental economic possibilities that specialise in consolidating unsecured debt.
Impact on the financial statements: You have got dividends of $a hundred. An increase in dividends leads to a lessen in stockholders’ equity (retained earnings). Cash is reducing, so total assets will 1200 cash minimize by $one hundred, impacting the balance sheet.
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The Unearned Income account could well be used to recognize this liability. It is a liability the corporation did not have in advance of, Consequently escalating this account. Liabilities raise around the credit score facet; Therefore, Unearned Earnings will acknowledge the $four,000 around the credit side.
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