11 Apps QUESTION 27 What is the effect on the balance sheet when a cash dividend is paid? a. Decrease in stockholders equity and increase in fiabilities Increase in stockholders equity and decrease in cash c Decrease in abilities and decrease in cash d. No effect QUESTION 28 Zarood Inc. has the following balances on its balance sheet total assets of $50,000 (including cash of $6,000), total liabilities of $42.000, common stock of $5,000 and retained earnings of $3,000 What is the maximum amount of cash dividends that the company can pay? a. 550,000 50.000 53,000 d. 30,000 UESTION 29 No journal entry to required on which of the following datos? Date of dividend declaration b. Date of record Dc Date of dividend payment d Date of stock issue