The Board of Directors of Yancey Company Declared a Cash

question 163

Multiple Choice

The board of directors of Yancey Company declared a cash dividend of $1.50 per share on 42000 shares of common stock on July 15 2021.The dividend is to be paid on August 15 2021 to stockholders of record on July 31 2021.The effects of recording the declaration of the dividend on July 15 2021 are to

• A)decrease stockholders' equity and increase liabilities.
• B)decrease stockholders' equity and decrease assets.
• C)increase stockholders' equity and increase liabilities.
• D)increase stockholders' equity and decrease assets.

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Definitions:

Erik Erikson

A developmental psychologist known for his theory on the psychosocial development of humans, describing how personality develops across eight stages throughout the lifespan.

Adult Rules

The set of expectations, principles, or guidelines considered appropriate or typical for individuals recognized as adults in a society.

Independent

Refers to the state of being free from outside control or support, capable of thinking or acting for oneself.

Aggression

Behavior characterized by actions or intentions to harm or assert dominance over another individual, which can be physical, verbal, or non-verbal.