Excerpts from the Statement of Financial Position for Baldwin Corporation

question 149

Multiple Choice

Excerpts from the Statement of Financial Position for Baldwin Corporation as of September 30, Year 5, are presented below.
$\begin{array}{lc}\text { Cash } & \$ 950,000 \\\text { Accounts receivable (net) } & 1,675,000 \\\text { Inventories } & 2,806,000\\\text { Total current assets }&\$5,431,000\\\\\text { Accounts payable } & \$ 1,004,000 \\\text { Accrued liabilities } & 785.000 \\\text { Total current liabilities } & \$ 1.789 .000\end{array}$ The Board of directors of Baldwin Corporation met on October 4, Year 5, and declared regular quarterly cash dividends amounting to $750,000 ($0.60 per share) .The dividend is payable on October 25, Year 5, to all shareholders of record as of October 12, Year 5.
Assume that the only transactions to affect Baldwin Corporation during October Year 5 are the dividend transactions and that the closing entries have been made.
(CMA adapted, Dec 89 #15) Refer to the Baldwin Corporation example.Baldwin's total shareholders' equity would be

• A)unchanged by the dividend declaration and decreased by the dividend payment.
• B)decreased by the dividend declaration and increased by the dividend payment.
• C)unchanged by either the dividend declaration or the dividend payment.
• D)decreased by the dividend declaration and unchanged by the dividend payment.
• E)none of the above

Understand the importance of communication etiquette in a professional setting.

Recognize the significance of respecting privacy and confidentiality in workplace communications.

Identify key phases of team development and the roles of team members within each phase.

Comprehend the impact of technology on team dynamics and communication.

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Definitions:

Humerus

The long bone in the upper arm, extending from the shoulder to the elbow.

Hyoid Bone

A horseshoe-shaped bone in the neck that supports the tongue and is involved in swallowing.

Axial Skeleton

The part of the skeleton that consists of the bones along the axis of the body, including the skull, vertebral column, and rib cage.

Facial Skeleton

The framework of bones that supports the face, including the jaw, cheekbones, and nasal bones.