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.

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Definitions:

Adjustment Refusal Message

A communication expressing the denial or rejection of a request for alteration or change.

Refusal

The act of declining, rejecting, or saying no to a request, offer, or proposition.

Justified

Something considered to be reasonable under the circumstances, often referring to actions, decisions, or beliefs that have a logical or moral basis.

Indirect Claim Message

An indirect claim message is a communication approach where the request or complaint is presented subtly, typically embedded within a context that first prepares the reader before addressing the issue.