Question Details

Common Stock Dividends Distributable 



1.	The effect of the declaration of a cash dividend by the board of directors is to
		Increase			Decrease	
a.	Stockholders' equity	Assets
b.	Assets	Liabilities
c.	Liabilities	Stockholders' equity
d.	Liabilities	Assets
	2.	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.

	3.	Common Stock Dividends Distributable is classified as a(n)
a.	asset account.
b.	stockholders' equity account.
c.	expense account.
d.	liability account.

	4.	The effect of a stock dividend is to
a.	decrease total assets and stockholders' equity.
b.	change the composition of stockholders' equity.
c.	decrease total assets and total liabilities.
d.	increase the book value per share of common stock.

	5.	If a corporation declares a 10% stock dividend on its common stock, the account to be debited on the date of declaration is
a.	Common Stock Dividends Distributable.
b.	Common Stock.
c.	Paid-in Capital in Excess of Par.
d.	Stock Dividends.




Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help