Use the Following to Answer Questions

question 64

Multiple Choice

Use the following to answer questions
The 12/31/2016 balance sheet of Despot Inc.included the following:

-In February 2016,Despot declared cash dividends of $12 million to be paid in April of that year.What effect did the April transaction have on Despot's accounts?

• A)Decreased assets and liabilities.
• B)Decreased assets and shareholders' equity.
• C)Increased liabilities and decreased shareholders' equity.
• D)None of these answer choices is correct.

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Definitions:

Unrewarding Way

Approaches or methods that fail to provide satisfaction, success, or positive reinforcement.

Secure

Feeling safe, stable, and confident in oneself or in the context of relationships, indicating low anxiety and avoidance.

High-Risk

Situations, activities, or choices that carry a significant potential for negative outcomes or harm.

Homogenously

In a manner that is uniform or of the same kind throughout.