Bookkeeping

Content Using net income and retained earnings to calculate dividends paid Record the dividend as a liability Dividends' Date of Declaration Main Purposes of Financial Statements (Explained) They are paid quarterly or yearly by some companies while other companies do not pay dividends at any time. Different classes of stocks have different priorities when it […]

Content 6 Cost Terminology Key Differences Between Product Cost and Period Cost Product and Period Costs Items That are Not Period Costs Importance of Period Costs Costs that are not related to the production of goods; also called nonmanufacturing costs. All costs related to the production of goods; also called product costs. Product costs include