Arco Corporation Declared a Cash Dividend on June 2 of $6

Multiple Choice

Arco Corporation declared a cash dividend on June 2 of $6 per common share. The company has 2,000 shares of common stock authorized, 1,000 shares issued, and 200 in the treasury. This transaction to record the declaration of the cash dividend increases

A) a liability.
B) an asset.
C) an expense.
D) a stockholders' equity account.