The Consumer Credit Act is protections to apply between agreements between traders and individuals, sole traders, partnerships and unincorporated associations. But not agreements made between traders and bodies.
Answer:
The dividends paid exceeded the net new equity raised.
Explanation:
Answer:
Explanation:
Statement of retained earning represent the changes in retained earning balance during the year and accumulated beginning balance of the period and Ending balance as well. It deals with all the adjustment in retained earning like net income transfer fro the year, dividend paid during the year etc.
Splish Corporation
Retained Earning Statement
for the year ended December 31, 2020
$
Retained Earning at January 1, 2020 707,000
Less: Cash Dividend paid during 2020 85,000
Add: Net Income for the year 2020 <u>1,428,500</u>
Retained Earning ath December 31 2020 <u>2,050,500</u>
Answer:
the right is answer is B.
Explanation:
The account decreases because when you take money you are making a debit action which produces this effect of decrease in the asset.
