The board of directors of Lark Corporation declared a cash dividend of $3.50 per share on 57,000 shares of common stock on June 14, 20x5. The dividend is to be paid on July 15, 20x5, to shareholders of record on July 1, 20x5. The effects of the entry to record the declaration of the dividend on June 14, 20x5, are to
A) decrease stockholders' equity and increase liabilities.
B) increase stockholders' equity and increase liabilities.
C) decrease stockholders' equity and decrease assets.
D) increase stockholders' equity and decrease assets.
A
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Indicate whether the statement is true or false
An entry to record payment within the discount period includes a(n)
a. debit to Cash; b. debit to Purchase Discounts; c. debit to Accounts Payable; d. all of these; e. none of these
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Answer the following statements true (T) or false (F)
Management disclosures in the face of a major earnings surprise may take the form of conference calls with analyst or public announcements via news services.