ACCT 2000 Final: Review
Document Summary
So this is how it"s formatted: i left all the same stuff as the other study guide, but the key below this just tells you what i had on my final. I did the best i could to remember. Only the one"s in purple are the exact answers, so make sure to memorize those because i think the final is the same for everyone and if not, whoops haha. Dividends sh: ,540,000, ,730,000 formula:[(,000,000+,000)-,120,000, ,860,000, ,160,000, ch. Two or more persons associated as partners. 11 a credit decreases the balance of which types of accounts: expenses and assets, liabilities and expenses, assets and liabilities, assets and stockholders" equity. Decrease in assets (cash) and decrease in stockholders" equity. Contra stockholders" equity: cash dividends paid to the stockholders will: not sure can"t remember, increase assets and decrease liabilities, decrease assets and increase liabilities, have no effect on stockholders" equity pg. 585: decrease assets and decrease stockholders" equity.