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maksim [4K]
3 years ago
7

A mining company declared a liquidating dividend. The journal entry to record the declaration must include a debit to1. Retained

Earnings.2. A paid-in capital account.3. Accumulated Depletion.4. Accumulated Depreciation.
Business
1 answer:
gregori [183]3 years ago
6 0

Answer: Option (2)

Explanation:

Paid in capital is referred to as or known as amount of the capital which is paid in by the investors during the preferred or common stock issuance, including par value of shares in addition to the amount in excess of the par value. The paid in capital tends to represent funds which are raised by organization through selling of equity.

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What is the purpose of cost accounting iss?
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<h3>What is cost accounting?</h3>

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The current sections of Buffalo Corp.’s balance sheets at December 31, 2016 and 2017, are presented here. Buffalo Corp.’s net in
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Answer and Explanation:

The preparation of the cash flow from operating activities is presented below:

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