Multiple Choice
On December 1, 2013, the Board of directors of Dew Laurintis Company declared a €.60 per share dividend payable on January 3, 2014 to shareholders of record on December 16. The company had 500,000 shares authorized and 225,000 shares issued and outstanding. The journal entry made on December 1, 2013 will
A) reduce assets by €135,000.
B) reduce equity by €135,000.
C) increase expenses by €300,000.
D) increase liabilities by €300,000.
Correct Answer:
Verified
Correct Answer:
Verified
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