The payment of cash dividends would have which of the following effects on the accounting equation?
A) Increase Liabilities
B) Decrease Stockholders' Equity
C) Increase Assets
D) Increase Stockholders' Equity
B) Decrease Stockholders' Equity
You might also like to view...
The point where the profit line intersects the horizontal axis on the profit-volume chart represents:
A) the maximum possible operating loss B) the maximum possible operating income C) the total fixed costs D) the break-even point
Jackson's place of business is rather fashion conscious. This fashion consciousness influences how he dresses and where he shops. It also reflects the business's
A. reference group. B. culture. C. psychology. D. situational factors. E. attitude.
In a competitive marketplace, if managers deviate too far from making decisions that are consistent with stockholder wealth maximization, they risk being disciplined by the market. Part of this discipline involves the threat of being taken over by companies with policies that are more aligned with stockholder interests.
Answer the following statement true (T) or false (F)
Which of the following statements regarding the taxation of individual annuities is (are) true?
I. The exclusion ratio is the percentage of the annuity income that is taxable. II. After the net cost of the annuity has been paid to the annuitant, the total annuity payment is taxable. A) I only B) II only C) both I and II D) neither I nor II