Shareholder's Equity Example
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Uploader Comments (LoyolaAC201)
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All Comments (3)
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fantastic
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Instead of a debit to a temporary dividends account, isn't it supposed to be a debit to retained earnings?
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The adjustment will get to retained earnings eventually through a closing entry. I just do it this way to be consistent with our text.
LoyolaAC201 2 years ago