Multiple Choice
Declaring and paying cash dividends affects which account/ accounts?
A) Cash only
B) Common stock only
C) Cash and retained earnings
D) Cash and common stock
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q2: Dim Co.issues common stock of $15,000.Which of
Q4: Which of the following transactions changes the
Q5: When a notes payable account is paid
Q6: The gross increases in stockholders' equity attributable
Q7: If liabilities have a balance of $10,000
Q8: Fees earned and received in cash will
Q9: For EFG Co., the transaction "receipt of
Q10: Paying expenses affects which financial statement elements?<br>A)
Q11: Johnson, Inc.purchased land for cash.What effect does
Q30: Dividends are an example of an expense.