The board of directors of Shamrock Company declared a cash dividend of $2.25 per share on 32000
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Question:
The board of directors of Shamrock Company declared a cash dividend of $2.25 per share on 32000 shares of common stock on July 15, 2017. The dividend is to be paid on August 15, 2017, to stockholders of record on July 31, 2017. The effects of recording the declaration of the dividend on July 15, 2017, are to
decrease stockholders' equity and decrease assets.
increase stockholders' equity and increase liabilities.
decrease stockholders' equity and increase liabilities.
increase stockholders' equity and decrease assets.
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