All of the following statements concerning Retained Earnings are true EXCEPT
A) declaring cash dividends will decrease Retained Earnings.
B) distributing stock dividends will decrease Retained Earnings.
C) appropriating retained earnings will have no effect on total stockholders' equity.
D) declaring a stock split will have no effect on Retained Earnings.
Correct Answer:
Verified
Q49: Which of the following would not be
Q50: The owner of 100 shares of stock
Q51: A dividend is declared by the
A) board
Q52: The journal entry made on the date
Q53: If a corporation issues additional shares of
Q55: After making four quarterly estimated payments of
Q56: When a dividend is paid in cash,
Q57: A corporation may issue a stock dividend
Q58: Capital resulting from the retention of earnings
Q59: The board of directors declared a $2
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