Identify which of the following are non-cash financing and investing transactions. 1. Long-term bonds were retired by
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1. Long-term bonds were retired by issuing common shares.
2. Recorded depreciation expense on the building.
3. A 3:2 share split was declared.
4. A cash dividend was declared and paid.
5. Merchandise was sold on credit.
6. Property, plant and equipment items were acquired by borrowing from the bank.
7. Borrowed cash from the bank and signed a long-term note payable.
8. Property taxes owed to the city were accrued.
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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Related Book For
Fundamental Accounting Principles Volume II
ISBN: 978-1259066511
14th Canadian Edition
Authors: Larson Kermit, Jensen Tilly
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