answer both parts correctly for a thumbs up!

part 1

part 2

Chapter 10 takes a closer look at liabilities. One of the specific liabilities discussed is sales tax. Almost daily, each of us makes a purchase likely subject to sales tax. Please give an example of a purchase you have made recently where you had to pay sales tax. Then explain how that retailer should handle the sales tax you paid. Be sure and discuss whether the retailer should or should not include sales tax as revenue or a liability or both. Does the sales tax belong to the retailer you paid? Chapter 11 looks at stockholders equity in greater detail. Please distuss whether a company is REQUIRED to pay cash dividends. Follow that up with a discussion of WHY companies DO pay cash dividends