For the following event, choose the answer statement which properly demonstrates the effect on the financial statements.
Econo Corp. declares a $.50 per share cash dividend to be paid next year.
Assets | Liability | Retained Earnings | Shareholder's Equity | |
---|---|---|---|---|
A | Increase | Increase | ||
B | Decrease | Increase | ||
C | Increase | Decrease | Decrease | |
D | Decrease | Decrease | Decrease | Decrease |
E | No effect on financials |
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1 | Stock Dividends T/F | Easy | |
2 |
Effect on Financial Statements: Cash Dividend
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Moderate | |
3 | Effect on Financial Statements: Stock Dividend | Moderate | |
4 | Effect on Financial Statements: Stock Split | Moderate | |
5 | Stock and Dividends T/F | Moderate | |
6 | Comprehensive Stockholder's Equity | Hard |
1 | Shareholder's Equity | 5:12 | |
2 | Stock Classifications | 4:19 | |
3 | Issuance of Stock | 6:37 | |
4 | Treasury Stock | 11:11 | |
5 | Cash Dividends | 9:58 | |
6 | The Effect of Cash Dividends | 6:08 | |
7 | Stock Dividends | 13:48 |