Solved

The Board of Directors of Riverside Company Declared a Dividend

Question 87

Multiple Choice

The board of directors of Riverside Company declared a dividend.Later, the dividend was disbursed to stockholders.The dividend disbursement would_____.


A) decrease net income
B) decrease stockholders' equity
C) decrease both net income and stockholders' equity
D) none of these answers is correct

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q82: Assets are normally bundles of future revenue.

Q83: Cash payment on accounts payable will _.<br>A)increase

Q84: The accounting convention of _ guides the

Q85: A method of record keeping in which

Q86: The ownership claim arising from reinvestment of

Q88: From the following information, determine the

Q89: Owners' equity is the excess cash that

Q90: When depreciating an asset, the residual value

Q91: Source documents are associated with _.<br>A)adjusting entries<br>B)implicit

Q92: Accounting information only helps assess past financial