When the Board of Directors Declares a $500 Dividend,which of the Following

question 40

Multiple Choice

When the board of directors declares a $500 dividend,which of the following would be included in recording the transaction?

• A)increase in Retained Earnings,increase in Dividends Declared
• B)decrease in Cash,decrease in Dividends Payable
• C)increase in Dividends Declared,increase in Dividends Payable
• D)decrease in Dividends Payable,increase in Cash

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Definitions:

Leader-match

A theory or principle suggesting that the effectiveness of a leader is contingent upon how well their leadership style matches the situation or context.

Transformational Leadership

A leadership approach that causes change in individuals and social systems, enhancing the motivation, morale, and performance of followers through a variety of mechanisms.

Power Distance

The extent to which less powerful members of organizations and institutions accept and expect that power is distributed unequally.

Supportive Leadership

A leadership style that focuses on building trust, encouragement, and empathy within a team or organization.