If Dividends Are Declared and Paid in the Same Accounting

question 30

Multiple Choice

If dividends are declared and paid in the same accounting period, what is the net effect on the accounting equation?

• A) a decrease in retained earnings and an increase in expenses
• B) a decrease in cash and an increase expenses
• C) a decrease in cash and an increase in retained earnings
• D) a decrease in cash and a decrease in retained earnings

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Definitions:

Heterozygotes

Individuals having two different alleles for a specific gene, one inherited from each parent, which can result in varied expressions of certain traits.

Dominant Alleles

Alleles that mask the effect of other alleles at the same gene locus when they are present.

Population Genetics

The study of the distributions and changes of allele frequency in a population, as influenced by evolutionary processes such as natural selection, gene flow, mutation, and genetic drift.

Community Dynamics

The variations, changes, and interactions between species within a community over time.