标题: Accounts/Fin Statement Element [打印本页] 作者: ruchita 时间: 2013-4-8 17:31 标题: Accounts/Fin Statement Element
Hello everybody
In Schweser rd 30 Comprehensive problem; there is a list of accts that you have to match with the right element asset, liability, owners’ equity, revenue or expense.
a) Other comprehensive income is classified as owners equity (I classified it as revenue, but seems to be wrong)
b) and dividends received as revenue but
c) dividends payable as a liability
Can anybody explain to me why?
Thanks in advance.作者: dirk01 时间: 2013-4-8 17:31
div payable is something that the company must pay its shareholders, but has postponed, decided not to pay now. Something due in the future. So it is a liab.作者: cfa10yrplan 时间: 2013-4-8 17:31
a) other comprehensive income is income but recorded directly in equity, i.e. doesn’t go through P&L therefore classified as equity,
b) dividends received revenue something a company receives (how to explain it differently?),
c) dividends payable are liability to shareholders it doesn’t go through P&L but rather is “reclassified” from equity, after an entity decides to pay a dividend, to liabilities,作者: Gypsy 时间: 2013-4-8 17:32
Thank you very much! Just a small question probably a very stupid one. What does P&L stand for?
Thanks作者: hassan 时间: 2013-4-8 17:32
Profit and Loss account作者: bkballa 时间: 2013-4-8 17:33
Sorry for abbreviation 作者: Dapper425 时间: 2013-4-8 17:33
