Journal entries are required if the bank reconciliation includes outstanding checks

Dividends that are paid to owners would affect both the

A) balance sheet and statement of cash flows. B) balance sheet and income statement. C) income statement and statement of changes in equity. D) income statement and statement of cash flows.

Estimation of uncollectible accounts receivable based on a percentage of sales

a. emphasizes measurement of the net realizable value of accounts receivable. b. is only acceptable for tax purposes. c. emphasizes measurement of total assets. d. emphasizes measurement of bad debt expense.