The KatyDid Co

question 6

Multiple Choice

The KatyDid Co. is paying a $1.25 per share dividend today. There are 120,000 shares outstanding with a par value of $1.00 per share. As a result of this dividend,the:

• A) retained earnings will decrease by $150,000.
• B) retained earnings will decrease by $120,000.
• C) common stock account will decrease by $150,000.
• D) common stock account will decrease by $120,000.
• E) capital in excess of par value account will decrease by $120,000.

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Definitions:

Happily Married

Describing a marital relationship characterized by enduring mutual love, respect, and satisfaction.

Negative

Refers to a value or expression that represents less than zero, or a pessimistic outlook or assessment in various contexts.

Self-Awareness

An understanding of one's self, including their emotions, character, motivations, and longings.

Narcissism

A characteristic of personality marked by an exaggerated feeling of self-worth, a strong desire for abundant attention and praise, and an absence of compassion for others.