An adjusting entry is not required if the estimated payments made throughout the year are more than the actual taxes due.
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Q16: One thing that the sole proprietorship and
Q17: A corporation generally keeps and reinvests a
Q18: When a dividend is declared, Stock Dividends
Q19: The names of stockholders entitled to receive
Q20: An entry is required both on the
Q22: Unappropriated Retained Earnings will decrease because of
Q23: A stock split requires no formal journal
Q24: A stock dividend will reduce the amount
Q25: The ending balance of the retained earnings
Q26: A statement of retained earnings is used
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