Multiple Choice
When a corporation declares a dividend:
A) Assets decrease,liabilities increase.
B) Retained earnings increase,liabilities increase.
C) Liabilities increase,retained earnings decrease.
D) Retained earnings decrease,assets increase.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q22: The journal entry when a dividend is
Q23: John's Metalworks Incorporated recently issued 10,000 shares
Q24: Personal liability of the owners for any
Q25: Net income in a partnership may not
Q26: X Corporation had a net income of
Q28: Retained Earnings represents:<br>A)The profits of the company.<br>B)The
Q29: C,D,and E are partners.C has $25,000 in
Q30: The entry to record the issuance of
Q31: A partnership has a limited life and
Q32: Listed below are several accounting terms introduced