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Pie
3 years ago
8

The net effects on the corporation of the declaration and payment of a cash dividend are to increase assets and increase stockho

lders' equity. increase stockholders' equity and decrease liabilities. decrease assets and decrease stockholders' equity. decrease liabilities and decrease stockholders' equity.
Business
1 answer:
s344n2d4d5 [400]3 years ago
6 0

Answer:

Decrease assets and decrease stockholders equity

Explanation:

Shareholders of the Company are rewarded for their contribution through dividends.

<u>Declaration and payment of a cash dividend results in the following journal :</u>

<em>Dividend (debit)</em>

<em>Cash (credit</em>)

Thus,

The Owners Equity Decrease whilst the Assets Account (Cash) Decreases

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When job 117 was completed, direct materials totaled $4,400; direct labor, $5,600; and factory overhead, $2,400. a total of 1,00
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3 years ago
You have your choice of two investment accounts. Investment A is a five-year annuity that features end-of-month $2,500 payments
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$119,176.06

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