Use the Following Information for Questions

question 123

Multiple Choice

Use the following information for questions
On July 15, 2012, 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, 2012, to shareholders of record on July 31, 2012.
-The effects of the journal entry to record the declaration of the dividend on July 15, 2012, 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:

Confidence Interval

A selection of numerical values, culled from sample data, likely to hold within it the value of an unrevealed population parameter.

Population Mean

The average of all the data points in a population, representing the central tendency of the entire population's values.

Sample Mean

The average value of a set of data points taken from a sample of a larger population.

Population Parameter

A numerical value that represents a characteristic or feature of an entire population.