The effect of a stock dividend on the balance sheet is to: Select one: A. decrease the number of common outstanding stock B. decrease current assets C. increase long-term assets D. increase the number of common outstanding stock When allocating dividends assuming cumulative preferred dividends, the following order is used: Select one: A. current year preferred, prior year preferred, current year common B. current year preferred, current year common C. current year common, current year preferred D. prior year preferred, current year preferred, current year common
The effect of a stock dividend on the balance sheet is to: Select one: A. decrease the number of common outstanding stock B. decrease current assets C. increase long-term assets D. increase the number of common outstanding stock When allocating dividends assuming cumulative preferred dividends, the following order is used: Select one: A. current year preferred, prior year preferred, current year common B. current year preferred, current year common C. current year common, current year preferred D. prior year preferred, current year preferred, current year common
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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