Multiple Choice
The board of directors of Blount Corporation declared a cash dividend of $5.00 per share on 57,000 shares of common stock on April 14,2013.The dividend is to be paid on May 15,2013,to shareholders of record on May 1,2013.The effects of the entry to record the payment of the dividend on May 15,2013,are to
A) increase assets and decrease stockholders' equity.
B) decrease stockholders' equity and decrease liabilities.
C) decrease liabilities and decrease assets.
D) increase stockholders' equity and decrease liabilities.
Correct Answer:
Verified
Correct Answer:
Verified
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