Question: Dividends declared: a) Reduce retained earnings. b) Increase net income. c) Reduce net income. d)Increase retained earnings.

Dividends declared:

a)Reduce retained earnings.

b)Increase net income.

c)Reduce net income.

d)Increase retained earnings.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

need help. asap. thanks. Will rate. 7:46 S N 63 % e amerste in calculating anings pr shre is edoced for A) Cumudative peed dividends ONLY ideclared B) Common sock dividends O Non cummultved pfed...

Q:

On October 1, Allison Corporation declared a $85,000 cash dividend to be paid on December 15 to shareholders of record on November 1. Which of the following shows how Allisons financial statements...

Q:

Question 21 Allen Inc. took out a 1-year, 8%, $120,000 loan on September 1, 2019. Interest is due upon maturity of the loan. The loan and interest must be paid back on August 31, 2020. As of December...

Q:

After a successful year of operations, CIC has decided to pay a dividend to its shareholders. On January 1, CIC declared a $3,000 cash dividend to be paid on January 31 to shareholders of record on...

Q:

The most recent financial statements for Nuesca Holidays Inc. follow. Sales for 2018 are projected to grow by 25%. Interest expense will remain constant the tax rate and the dividend payout rate will...

Q:

The most recent financial statements for Nuesca Holidays Inc. follow. Sales for 2018 are projected to grow by 20%, Interest expense will remain constant the tax rate and the dividend payout rate will...

Q:

COMPREHENSIVE FINAL EXAMINATION (Chapters 1 13; Chapter 7 Omitted) Approximate Problem Topic Points Minutes I Multiple Choice 50 45 II Matching 16 20 III Variance Analysis 18 25 IV Miscellaneous...

Q:

help thanks Question 14 Which of the following items should be reported net of tax on the face com statement? Select one Interest Income - b. Gain from Disposal of Equipment c. Cost of Goods Sold d....

Q:

(a) = Liabilities + Capital Stock + Retained Earnings (b) Revenues - = Net Income (c) Retained Earnings (beginning balance) + Net Income - Dividends =

Q:

Which of the following entries is not made to close the accounts at the year end? a. Close the Dividends Payable account to Retained Earnings. b. Close the Income Summary account to Retained...

Q:

The auditor of Kaefer Manufacturing uses regression analysis during the analytical review stage of the firms annual audit. The regression analysis attempts to uncover relationships that exist between...

Q:

What are the initial conditions for a mass-spring-viscous damper system that is released from rest with an initial displacement of 10 mm: Select one: O O a. x(0) = 10 and x'(0) = 0 b. x(0) = 0 and...

Q:

What is the formula for Cost of Goods sold for Inventory 1 8 0 0 0 , Purchases 6 1 3 0 0 0 , Purchases Discounts 7 0 0 0 Purchases Returns and Allowances 2 0 0 0 Freight - In 1 9 5 0 0 Ending...

Q:

\f

Q:

1. Stereotypes in Your Life. List some of the stereotypes you have heard about U.S. Americans. Then answer the following questions:

Q:

a. What is the historical relationship between this group and other groups (particularly the dominant cultural groups)?

Q:

4. What factors in your experience have led to the development of positive feelings about your own cultural heritage and background? What factors have led to negative feelings, if any?