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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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2 years ago
What is used for a placeholder when a code that does not have six characters to keep the 7th character extender in the 7th posit
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3 years ago
Why can’t businesses afford all of the factors of production all of the time?
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6 0
2 years ago
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Speedster Bicycles, Inc., collects 25% of its sales on account in the month of the sale and 75% in the month following the sale.
elixir [45]

Answer:

Total cash collection= $257,500

Explanation:

Giving the following information:

Sales:

March= $250,000

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<u>Cash collection April:</u>

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3 years ago
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Yanka [14]

Answer:

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