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Dividend Accounting: Types, Processes, and Financial Impact
At the declaration date, a journal entry is made to debit retained earnings and credit dividends payable. This reduces shareholders’ equity through retained earnings, representing previously undistributed profits, and creates a liability reflecting the obligation to pay shareholders. This affects liquidity and financial ratios, such as the current ratio. The…
How to Buy NFTs: A Comprehensive Guide for Beginners
While its user interface does not support NFTs (more on that later in the article), once you actually purchase the token, you’ll be able to store it safely in the wallet. The cost of an NFT might range from a few dollars to millions. The price is influenced by several…