Use the Following Information for Questions

question 45

Multiple Choice

Use the following information for questions
On July 15, 2022, 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, 2022, to shareholders of record on July 31, 2022.
-The effects of the journal entry to record the declaration of the dividend on July 15, 2022, 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.

---

Definitions:

Tokenism

The act of making a minimal or merely symbolic attempt at including members of minority groups, notably by hiring a few individuals from those underrepresented groups to present an image of equality.

Stigmatisation

The act of treating someone or something as unworthy of respect or attention due to perceived differences or shortcomings.

Prejudice

Prejudice refers to preconceived opinions or attitudes towards people or groups, often negative and not based on actual experience or rational thought.