Declaration and Issuance of a Stock Dividend

question 40

Multiple Choice

Declaration and issuance of a stock dividend

• A) has no effect on total assets, liabilities, or shareholders' equity.
• B) decreases the amount of working capital.
• C) decreases total shareholders' equity.
• D) increases the current ratio.

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Definitions:

Professor of Astronomy

An academic title for a person who teaches and conducts research in the field of astronomy, focusing on the study of celestial bodies and the universe.

London

The capital city of the United Kingdom, known for its rich history, cultural diversity, and significant contributions to arts and sciences.

Dutch Middle-Class

A social class in the Netherlands that emerged in the 17th century, characterized by their significant role in commerce and urban life.

17th Century

The time period from 1601 to 1700 in the Gregorian calendar, notable for significant cultural, scientific, and political developments.