Spot Corporation declared a cash dividend on December 30, 20A, payable on January 10, 20B. A journal entry for the dividend was not made in December 20A. The effects on the 20A financial statements were
A. retained earnings and liabilities were understated.
B. retained earnings and liabilities were overstated.
C. expenses were understated.
D. retained earnings was overstated and cash understated.
E. retained earnings was overstated and liabilities understated.
Ans: E. retained earnings was overstated and liabilities understated.
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________ is the practice of turning over responsibility of some to all of an organization's information systems applications and operations to an outside firm
A) Outsourcing B) Reuse C) Nearshoring D) Time to market