Use the Following Information for Questions

question 131

Multiple Choice

Use the following information for questions
On July 15, 2015, the board of directors of George Easton Limited declared a cash dividend of $0.50 per share on 84,000 common shares.The dividend is to be paid on August 15, 2015, to shareholders of record on July 31, 2015.
-The effects of the journal entry to record the declaration of the dividend on July 15, 2015, are to

• A)decrease shareholders' equity and increase liabilities.
• B)decrease shareholders' equity and decrease assets.
• C)increase shareholders' equity and increase liabilities.
• D)increase shareholders' equity and decrease assets.

---

Definitions:

Group Goals

Objectives set by a collective that guide its actions and efforts towards a common end.

Expert Power

The ability to influence others based on knowledge, skills, or experience in a specific area.

Ethical Use

The responsible and morally right utilization of resources, information, or power, adhering to established codes of conduct.

Threatening

Expressing or implying a menace or danger, often intended to intimidate or coerce someone into action or inaction.