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fpsb
Jan 26, 2009, 06:09 PM
What are Common Stock Dividends Distributable increased by?

What are Income Taxes Payable increased by?
codyman144
Jan 26, 2009, 09:49 PM
What do you think? Atleast try to answer the question first...
fpsb
Jan 27, 2009, 12:02 PM
I think both are increased by a debit.
codyman144
Jan 27, 2009, 12:50 PM
Both are Liabilities, does that change your answer?
fpsb
Jan 27, 2009, 04:47 PM
they are increased by a credit
codyman144
Jan 27, 2009, 04:52 PM
So if you were to book the entry for income taxes payable what would it be?