0000 C Spire 10:47 AM 62%. ezto.mheducation.com Question 6 (o9 2.00 points On Oc

Question

0000 C Spire 10:47 AM 62%. ezto.mheducation.com Question 6 (o9 2.00 points On October 1, 2014, Daster Corporation declared a $55,700 cash dividend to be paid on December 15 to shareholders of record on November 1 Required Record the events occurring on October 1 and December 15 in a horizontal statements model like the following one. In the Cash Flow column, indicate whether the item is an operating activity (OA), an investing activity (IA), or a financing activity (FA). The letters NA indicate that an element is not affected by the event. (Enter any decreases to account balances and cash outflows with a minus sign.) Assets Liabilities CommonRetained Revenue Expensesceme Difficulty: 3 Hard Leaming Objective:08-06 Explain the effects of and payin

Explanation / Answer

Date Assets Liabilities Common stock Retained earnings Revenue Expenses Net income Statement of cash flows 10/01 55700 -55700 11/01 12/15 -55700 -55700 -55700 FA

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