Question: please help with accounting 1 question with 5 parts, please answer all parts :) On October 1st, Green Inc. declared a $7,000 cash dividend. On





On October 1st, Green Inc. declared a $7,000 cash dividend. On November 1 st, the company pays the cash dividend. What is the journal entry for the payment of the dividend on November 1 ? Dr. Dividends Payable 7,000; Cr. Cash 7,000 Dr. Dividends Payabie 7,000; Cr. Retained Earnings 7,000 Dr. Cash 7,000; Cr. Dividends Payable 7,000 Dr. Retained Earnings 7,000; Cr. Dividends Payable 7,000 The statement of stockholders' equity reports changes in accounts such as which of the following options? Revenues and Expenses Common Stock and Retained Earnings Assets and Revenues Assets and Liabilities Borrowing on long-term debt is considered which of the following options? A financing cash inflow (increase) An operating cash outflow (decrease) An investing cash inflow (increase) An investing cash outflow (decrease) A financing cash outflow (decrease) When preparing the statement of cash flows, what are losses on the sale of fixed assets reported as? A positive adjustment to net income in the operating section A positive adjustment in the investing section A negative adjustment to net income in the operating section A negative adjustment in the investing section When a company sells a long-term fixed asset such as machinery for cash, what is the impact on the statement of cash flows? Decreases cash flows from the financing section Decreases cash flows from the investing section Increases cash flows from the financing section Increases cash flows from the investing
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