A Large Stock Dividend Will

question 54

Multiple Choice

A large stock dividend will:

• A)reduce total owners' equity.
• B)reduce total assets.
• C)increase total owners' equity.
• D)have no effect on total assets or total owners' equity.

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Definitions:

Ethical Reason

A justification for an action or decision based on moral principles and values.

Equitable Remedy

A court-ordered action that requires a party to take specific steps to correct a wrong, including injunctions and specific performance, distinguished from financial compensation.

Specific Performance

A contract remedy whereby the defendant is ordered to perform according to the terms of his contract.

Monetary Damages

Financial compensation awarded in civil lawsuits for loss or injury as a result of the defendant's actions.