Multiple Choice
Which of the following statements about the declaration and payment of cash dividends is correct?
A) Declaration and payment of cash dividends will reduce the amount of net income.
B) Declaration and payment of cash dividends will not reduce the Retained Earnings balance.
C) Declaration and payment of cash dividends will reduce the amount of cash available to invest in assets.
D) Declaration and payment of cash dividends is calculated on the amount of shares of stock issued,not the amount of shares outstanding.
Correct Answer:
Verified
Correct Answer:
Verified
Q198: State laws often restrict dividends to the
Q199: Knapp Industries began business on January 1,2018
Q200: A company has net income of $5.6
Q201: Seville Co.issued 1,680 shares of $50 par
Q202: Generally,a relatively high P/E ratio indicates:<br>A)improvements in
Q204: Which of the following statements about equity
Q205: The return on equity ratio is calculated
Q206: The creation and oversight of all corporations
Q207: Corbett Co.has the following information available from
Q208: If a company's P/E ratio suddenly decreases:<br>A)you