How will a company's total current liabilities and total stockholders' equity be affected by the declaration...
How will a company's total current liabilities and total
stockholders' equity be affected by the declaration of a stock
dividend? (Assume the stock dividend is distributed at a later
date.)
| Total | Total | |
| Current Liabilities | Stockholders' Equity | |
| I. | increase | decrease |
| II. | increase | no effect |
| III. | no effect | decrease |
| IV. | no effect | no effect |
Select one:
a. III
b. I
c. II
d. IV
Homework Answers
| Accounts | Debit | Credit |
| Retained earnings | XXXX | |
| Dividend payable | XXXX | |
Current liabilities will increase and Stockholders equity willl decrease.
Option b. is correct answer.
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How will a company's total current liabilities and total
stockholders' equity be affected by the declaration...
The effect of the declaration of a cash dividend on a company's financial statements is to...
The effect of the declaration of a cash dividend on a company's financial statements is to a.increase total expenses and total liabilities. b.increase total assets and stockholders' equity. c.decrease stockholders' equity and to increase total liabilities. d.decrease total assets and stockholders' equity.
A company's total liabilities decreased by $135000 and its stockholders' equity decreased by $31500 during a...
A company's total liabilities decreased by $135000 and its stockholders' equity decreased by $31500 during a period of time. By what amount and in what direction must the company's totales have changed during that same period? $166500 increase $109500 decrease $166500 decrease $103500 increase
16 Indicate the respective effects of the declaration of a cash dividend on balance sheet sections:...
16 Indicate the respective effects of the declaration of a cash dividend on balance sheet sections: Total Assets Total Liabilities Total Stockholders' Equity Increase Decrease No change b. No change Increase Decrease Decrease Increase Decrease Decrease No change a. C. d. Increase 17. Somento Forest Inc. has 10,000 shares of 6%, $100 par value, cumulative preferred stock and 100,000 shares of $1 par value common stock outstanding at December 31, 2020. What is the annual dividend on the preferred stock?...
Please help me figure out the total of total liabilities and stockholder's equity Liabilities and Stockholders'...
Please help me figure out the total of total liabilities and
stockholder's equity
Liabilities and Stockholders' Equity Current Liabilities Accounts Payable 1000 Income Taxes Payable 100 Total Current Liabilities 1100 Long-Term Liabilities Notes Payable 700 Total Liabilities 1800 Stockholders' Equity Common Stock 2000 Retained Earnings 8250 Total Stockholders' Equity 10250 Total Liabilities and Stockholders' Equity 13150
he effects of the entry to record the declaration of the dividend on June 14, 2016...
he effects of the entry to record the declaration of the dividend on June 14, 2016 a. decrease stockholders' equity and increase liabilities. increase stockholders' equity and increase liabilities. decrease stockholders' equity and decrease assets d. C. increase stockholders' equity and decrease assets. When common stock is issued by a corporation for a cash price above par value, t over the par value should be reported in the financial statements as a component of retained earnings on the balance sheet....
3. What is the effect on (a) net income (b) assets (c) liabilities (d) stockholders' equity...
3. What is the effect on (a) net income (b) assets (c) liabilities (d) stockholders' equity of not recording a required adjusting entry for prepayments? For each item, indicate clearly whether the effect will be an Increase, a Decrease, or No Effect. Please present your answers using the template below. I have done Net income as an example. Item Effect Increase Decrease No Effect Net Income X Assets Liabilites Stockholders' Equity
Cash Dividends The date of declaration, date of record, and date of payment in connection with...
Cash Dividends The date of declaration, date of record, and date of payment in connection with a cash dividend of $1,200,000 on a corporation’s common stock are June 1, July 15, and August 14, respectively. Illustrate the effects on the accounts and financial statements for June 1. If no account or activity is affected, select "No effect" from the dropdown list and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts. Statement of...
What is the effect of a stock dividend on stockholders' equity? a. Total stockholders' equity stays...
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a. Paid research and development expenses for the current year Assets increase Liabilities Stockholders' equity b....
a. Paid research and development expenses for the current year Assets increase Liabilities Stockholders' equity b. Purchased machinery and equipment for cash. Assets Liabilities Stockholders' equity c. Received cash from issuing stock. < Assets Liabilities Stockholders' equity d. Received cash from the issuance of long-term debt. Assets Liabilities Stockholders' equity e. Made cash sales. Assets Liabilities Stockholders' equity nts eBook Calculator f. Paid selling expenses. Assets Liabilities Stockholders' equity g. Pald employee pension expenses for the current year. Assets Liabilities...
Practice Question 38 If total liabilities decreased by $15,000 and stockholders' equity increased by $5,000 during...
Practice Question 38 If total liabilities decreased by $15,000 and stockholders' equity increased by $5,000 during a period of time, then total assets must change by what amount and direction during that same period? $15,000 decrease $10,000 increase $20,000 increase $10,000 decrease Click if you would like to show Work for this question: Open Show Work Question Attempts: 0 of 1 used SAVE POR LATER SUBMIT ANSWER
A company's total liabilities decreased by $135000 and its stockholders' equity decreased by $31500 during a period of time. By what amount and in what direction must the company's totales have changed during that same period? $166500 increase $109500 decrease $166500 decrease $103500 increase
16 Indicate the respective effects of the declaration of a cash dividend on balance sheet sections: Total Assets Total Liabilities Total Stockholders' Equity Increase Decrease No change b. No change Increase Decrease Decrease Increase Decrease Decrease No change a. C. d. Increase 17. Somento Forest Inc. has 10,000 shares of 6%, $100 par value, cumulative preferred stock and 100,000 shares of $1 par value common stock outstanding at December 31, 2020. What is the annual dividend on the preferred stock?...
Please help me figure out the total of total liabilities and
stockholder's equity
Liabilities and Stockholders' Equity Current Liabilities Accounts Payable 1000 Income Taxes Payable 100 Total Current Liabilities 1100 Long-Term Liabilities Notes Payable 700 Total Liabilities 1800 Stockholders' Equity Common Stock 2000 Retained Earnings 8250 Total Stockholders' Equity 10250 Total Liabilities and Stockholders' Equity 13150
he effects of the entry to record the declaration of the dividend on June 14, 2016 a. decrease stockholders' equity and increase liabilities. increase stockholders' equity and increase liabilities. decrease stockholders' equity and decrease assets d. C. increase stockholders' equity and decrease assets. When common stock is issued by a corporation for a cash price above par value, t over the par value should be reported in the financial statements as a component of retained earnings on the balance sheet....
a. Paid research and development expenses for the current year Assets increase Liabilities Stockholders' equity b. Purchased machinery and equipment for cash. Assets Liabilities Stockholders' equity c. Received cash from issuing stock. < Assets Liabilities Stockholders' equity d. Received cash from the issuance of long-term debt. Assets Liabilities Stockholders' equity e. Made cash sales. Assets Liabilities Stockholders' equity nts eBook Calculator f. Paid selling expenses. Assets Liabilities Stockholders' equity g. Pald employee pension expenses for the current year. Assets Liabilities...
Practice Question 38 If total liabilities decreased by $15,000 and stockholders' equity increased by $5,000 during a period of time, then total assets must change by what amount and direction during that same period? $15,000 decrease $10,000 increase $20,000 increase $10,000 decrease Click if you would like to show Work for this question: Open Show Work Question Attempts: 0 of 1 used SAVE POR LATER SUBMIT ANSWER
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