Question: decide whether each statement is True OR False An outstanding check is a check issued by the company and recorded on its books but not

decide whether each statement is True OR False

An outstanding check is a check issued by the company and recorded on its books but not yet paid by its bank.

Working capital is a measure of a company's profitability.

For dividends, the record date comes first, followed by the declaration date, then followed by the payment date.

Treasury stock accounts for the difference between the number of outstanding shares and issued shares.

A balance sheet is dated for a period of time, such as "for the year ended December 31, 2010".

If assets increase 50,000 during a period and liabilities decrease 20,000, then owners' equity must have decreased 30,000

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