Question 1 2 pts This question comes from the 2nd set of Nearpod activities. On January 1 OurNewCo Board of directors declared a cash dividend of $100,000 to be paid on March 31 to shareholders of record on March 1. Which of the following are true regarding the reporting for this cash dividend? Mark the correct answers and do not mark the incorrect answers, On the date of declaration an entry will be made to reduce retained earnings for the amount of the dividends (either through the retained earnings account or a dividends account). On the date of record there will be no entry made into the general ledger. On the date of record there will be an entry to reduce cash and decrease dividends payable. On the date of declaration an entry will be made to reduce cash for the full amount of the dividends to be paid later. On March 31. Dividends Payable will be credited for the full amount of the dividends paid. Question 2 2 pts This question comes from the 2nd set of Nearpod activities for chapter 18 OurNewCo declared a property dividend to be paid on July 1 to shareholders of a record on June 1, planning to distribute shares of an investment in Alphabet. The dividend was declared on April 1 when the book value of the Alphabet investment was $1,000,000. On April 1 the market value of the Alphabet investment was $1,200.000. On June 1 the market value of the Alphabet investment was $1,300,000 and on July 1, the market value of the Alphabet investment was $1,400,000. The total dollar amount distributed to shareholders through this property dividend will be [Select] v. On the date of declaration OurNewCo Select ] [1200000 ford entries that include a decrease to retained 1300000 1400000 ear estment in Alphabet account. 1000000 On the date of distribution OurNewCo will decrease the investment account by I Select] Question 2 2 pts This question comes from the 2nd set of Nearpod activities for chapter 18 OurNewCo declared a property dividend to be paid on July 1 to shareholders of record on June 1, planning to distribute shares of an investment in Alphabet. The dividend was declared on April 1 when the book value of the Alphabet investment was $1,000,000. On April 1 the market value of the Alphabet investment was $1,200,000. On June 1 the market value of the Alphabet investment was $1,300,000 and on July 1, the market value of the Alphabet investment was $1.400,000. The total dollar amount distributed to shareholders through this property dividend will be V [ Select] On the date of declaration OurNewCo Select record entries that include a decrease to retained Select] investment in Alphabet account. will not Orme cate or USLIDULTON UuNewCo will decrease the investment account by Select Question 2 2 pts This question comes from the 2nd set of Nearpod activities for chapter 18 OurNewCo declared a property dividend to be paid on July 1 to shareholders of record on June 1, planning to distribute shares of an investment in Alphabet. The dividend was declared on April 1 when the book value of the Alphabet investment was $1,000,000. On April 1 the market value of the Alphabet investment was $1,200,000. On June 1 the market value of the Alphabet investment was $1,300,000 and on July 1, the market value of the Alphabet investment was $1,400,000. The total dollar amount distributed to shareholders through this property dividend will be [ Select On the date of declaration OurNewCo [ Select record entries that include a decrease to retained earnings and an increase to the investment in Alphabet account. On the date of distribution OurNewCo will decrease the investment account by undby [ Select [ Select ] 1200000 1000000 1300000 1400000