The net effect to a corporation of the declaration and payment of a cash dividend is to: a. increase assets and increase stockholders' equity b, increase stockholders' equity and decrease liabilities C. decrease liabilities and decrease stockholders' equity d. decrease assets and decrease stockholders' equity

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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**Quiz Question:**

The net effect to a corporation of the declaration and payment of a cash dividend is to:

- a. increase assets and increase stockholders' equity
- b. increase stockholders' equity and decrease liabilities
- c. decrease liabilities and decrease stockholders' equity
- d. decrease assets and decrease stockholders' equity

*Note:* Moving to the next question prevents changes to this answer.
Transcribed Image Text:**Quiz Question:** The net effect to a corporation of the declaration and payment of a cash dividend is to: - a. increase assets and increase stockholders' equity - b. increase stockholders' equity and decrease liabilities - c. decrease liabilities and decrease stockholders' equity - d. decrease assets and decrease stockholders' equity *Note:* Moving to the next question prevents changes to this answer.
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