When a company declares a cash dividend, which of the following is true? a. Assets are decreased. b. Stockholders' equit...
When a company declares a cash dividend, which of the following is true? a. Assets are decreased. b. Stockholders' equity is increased. c. Assets are increased. d. Liabilities are increased.
Homework Answers
Answer is option b - Liabilities are increased.
When a company declares a cash dividend, dividend payable account is credited which is a liability account, so it increases the liability account. Hence, option d is true.
Assets are not decreased as the dividend is only declared and not paid.
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When a company declares a cash dividend, which of the following is true? a. Assets are decreased. b. Stockholders' equit...
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Problem 15-08
Sweet Company provides you with the following condensed balance
sheet information:
Assets
Current assets
$ 43,100
Equity investments
65,400
Equipment (net)
262,700
Intangibles
65,300
Total assets
$436,500
Liabilities and Stockholders’ Equity
Current and long-term liabilities
$108,500
Stockholders’ equity
Common stock ($5 par)
$ 20,200
Paid-in capital in excess of par
117,700
Retained earnings
190,100
328,000
Total liabilities and
stockholders’ equity
$436,500
For each of the following transactions, indicate the dollar impact
(if any) on the following five items:...
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Problem 15-08
Sweet Company provides you with the following condensed balance
sheet information:
Assets
Current assets
$ 43,100
Equity investments
65,400
Equipment (net)
262,700
Intangibles
65,300
Total assets
$436,500
Liabilities and Stockholders’ Equity
Current and long-term liabilities
$108,500
Stockholders’ equity
Common stock ($5 par)
$ 20,200
Paid-in capital in excess of par
117,700
Retained earnings
190,100
328,000
Total liabilities and
stockholders’ equity
$436,500
For each of the following transactions, indicate the dollar impact
(if any) on the following five items:...
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