Use the Following Information for Questions

question 32

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 payment of the dividend on August 15, 2012, are to

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

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Definitions:

Dopamine

A neurotransmitter involved in reward, motivation, memory, attention, and even regulating body movements.

Extraversion

A personality trait characterized by outgoingness, high energy, and positive emotions toward social interaction.

Neurotransmitters

Chemical substances in the nervous system that transmit signals from one neuron to another across synapses.

Serotonin

A neurotransmitter involved in the regulation of mood, appetite, and sleep, among other functions.