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Post# of 796696
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capitalismforever

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capitalismforever

Re: Donotunderstand post# 403897

Tuesday, 04/18/2017 2:07:41 PM

Tuesday, April 18, 2017 2:07:41 PM

Post# of 796696

You are saying that the accounting entry for payment of dividends at F and F is DR/CR Retained Earnings and DR/CR dividends paid ? Is that right?

Why if there was a profit to sweep would there be any need to DR/CR Retained Earnings v Income? [img][/img]



I don't understand your question. What's DR/CR?
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