Kelley Limited
has a balance sheet date of 31 December 2020. The financial statements of the
company were authorised for issue on 31 March 2021. On 6 February 2021, the
directors of the company proposed a final dividend of $45,000 for the year
ended 31 December 2020. The proposed final dividend is:

Question

Answer

An adjusting event requiring the following journal entries: Dr Dividend $45,000 Cr Bank $45,000

Answer

A non-adjusting event requiring note disclosure.

Answer

A non-adjusting event requiring the following journal entries: Dr Dividend $45,000 Cr Dividend Payable $45,000

Answer

An adjusting event requiring the following journal entries: Dr Dividend $45,000 Cr Dividend Payable $45,000

Crowdly

Kelley Limited has a balance sheet date of 31 December 2020. The financial stat...

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