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.

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Definitions:

Babbling

The stage in child language development where infants produce sounds that resemble speech as an early form of communication.

Receptive Vocabulary

The ability to understand words and language spoken or written by others.

Expressive Vocabulary

The set of words a person can actively use in speech or writing to express their thoughts and feelings.

Cooing

Early vocalization by infants that involves the production of soft, murmuring sounds, often expressing contentment or engaging in early communication.