Contrast the effects of a cash dividend and a stock dividend on total assets, total liabilities, and total stockholders' equity.
What will be an ideal response?
Declaration and payment of a cash dividend reduces total assets and total stockholders' equity. Declaration and payment of a stock dividend has no effect on total assets, total liabilities, and total stockholders' equity.
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The UCC imposes special business standards on casual and inexperienced sellers and buyers
a. True b. False Indicate whether the statement is true or false
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Answer the following statement true (T) or false (F)