The board of directors of ayayai corp. declared a cash dividend of $3.00 per share on 39000 shares of common stock on july 15, 2020. the dividend is to be paid on august 15, 2020, to stockholders of record on july 31, 2020. the correct entry to be recorded on august 15, 2020, will include a credit to dividends payable.
a. debit to cash dividends.
b. credit to cash dividends.
c. debit to dividends payable.

The sec has historically raised questions regarding the independence of firms that derive a significant portion of their total revenues from one audit client or group of clients because the sec staff believes this situation causes cpa firms to

In a chapter 7 bankruptcy, a debtor:

Use the information below to answer the following question. the boxwood company sells blankets for $60 each. the following was taken from the inventory records during may. the company had no beginning inventory on may 1. date blankets units cost may 3 purchase 5 $20 10 sale 3 17 purchase 10 $24 20 sale 6 23 sale 3 30 purchase 10 $30 assuming that the company uses the perpetual inventory system, determine the gross profit for the month of may using the lifo cost method.