The business paid $100 cash dividend to Charles Nice (the sole stockholder of the corporation). Set up the necessary T-accounts below and show how this transaction would be recorded directly in those accounts. 
Definitions:
Cultural Universals
These are elements, patterns, traits, or institutions that are common to all human cultures worldwide.
Cultural Relativity
The principle that an individual's beliefs and activities should be understood by others in terms of that individual's own culture.
'Etic' Abnormalities
Universal conditions or behaviors considered abnormal across different cultures.
Culture-Bound
Theory and data conditioned by a specific cultural background.
Q9: When expenses exceed revenues, the resulting change
Q41: Financing for public corporations must flow through
Q47: When creating an estate tax planning strategy,the
Q52: The debts of the decedent at the
Q57: If net income is positive,then cash flow
Q100: External users include lenders, shareholders, customers, and
Q157: The _ describes a company's revenues and
Q192: To include the personal assets and transactions
Q193: The income statement shows the financial position
Q245: The financial statement that identifies a company's