Answer:
3. Dividend distribution to shareholders
Explanation:
The type of transaction that would be reported on a company's Statement of Changes in Equity is Dividend distribution to shareholders. The Statement of Changes in Equity is not regarded as part of the Financial Statements of a company but it is usually presented annually as a separate statement.
The Statement of Changes in Equity shows the details about changes in a company's assets, liabilities, and the owner's equity. The Statement of Changes in Equity is necessary because it shows important details about equity reserves that are not usually stated in financial statements. It shows the details about changes in the share capital of the company and the total income and loss of the company and the impact of it on the company, additional money invested into the business and details of the investment done, the dividend distributed and/or paid to shareholders and if there is any change in accounting policy of the company. It will also show the proceeds from any sale made by the company, unlike the financial statements.
Some of the transactions that will be reported in the Statement of Changes in Equity will include
The Net/total profit or loss of the shareholders.
The changes in share capital reserves either increase or decrease.
The dividend distributed and/or paid to shareholders.
Whether there is a change in the accounting policy of the company.
Answer:
far fewer buyers is the correct answer.
Explanation:
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
There are eight types of management in business. <span />
Answer:
45 days
Explanation:
Data provided
Credit Sales = $400,000
Accounts receivable turnover ratio = Credit Sales ÷ Average Accounts Receivables
= $400,000 ÷ ($100,000 + 0) ÷ 2
= 8 times
Average number of collection days = 360 ÷ Accounts Receivable turnover ratio
= 360 ÷ 8
= 45 days
Therefore for computing the average number of collection days we simply divide accounts receivable turnover ratio by 360.
