Question
Microsoft declared a cash dividend on February 1. The dividend was paid on April 1 to stockholders of record of March 1. The April 1
Microsoft declared a cash dividend on February 1. The dividend was paid on April 1 to stockholders of record of March 1. The April 1 transaction will
| A) Decrease stockholder's equity and increase liabilities. | ||
| B) Decrease stockholder's equity and decrease assets. | ||
| C) Decrease assets and decrease liabilities. | ||
| D) None of these. |
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Accounting And Financial Management For Residential Construction
Authors: Emma Shinn
5th Edition
0867186356, 978-0867186352
