Correct answer = C
"Financial Reporting Mechanics," Thomas R. Robinson, Hendrik van Greuning, Karen O'Connor Rubsam, R. Elaine Henry, and Michael A. Broihahn (CFA Institute, 2007)
2008 Modular Level I, Vol. 3, pp. 41-42
Study Session 7-30-d
explain the process of recording business transactions using an accounting system based on the accounting equations
The company would create (increase) a liability for dividends payable and deduct the same amount from its retained earnings, thus decreasing owners' equity.
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发表于 2008-5-30 05:15
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