The cumulative effect of the declaration and payment of a cash dividend on a company's financial statements is to
A) decrease total liabilities and stockholders' equity
B) increase total expenses and total liabilities
C) increase total assets and stockholders' equity
D) decrease total assets and stockholders' equity

Question

Quizplus · Accepted Answer

The Answer of The cumulative effect of the declaration and payment of a cash dividend on a company's financial statements is to
A) decrease total liabilities and stockholders' equity
B) increase total expenses and total liabilities
C) increase total assets and stockholders' equity
D) decrease total assets and stockholders' equity

The Cumulative Effect of the Declaration and Payment of a Cash