Indicate Whether Each of the Following Statements About Financial Statements

question 86

Essay

Indicate whether each of the following statements about financial statements is true or false.A cash dividend paid to stockholders is shown in the investing activities section of the statement of cash flows.A cash dividend paid to stockholders is shown on the statement of changes in stockholders' equity.A cash dividend paid to stockholders is shown on the income statement.The balance sheet shows ending balances of permanent accounts as of the last day of the accounting period.Changes in retained earnings for the accounting period are shown on the income statement.

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Definitions:

Database

An organized collection of structured information, or data, typically stored electronically in a computer system. A database is usually controlled by a database management system (DBMS).

Access

A term that can refer to the ability to obtain or retrieve information, or a Microsoft database software designed for managing and organizing data.

User Account

A personalized set of credentials and settings that grant a user access to a computer, network, or software application.

Original Folder

The initial directory or location where a file was saved or stored before any copying, moving, or modification.