The effect of the declaration of a cash dividend by the board of directors is to $\begin{array}{cc}
& \text { Increase }& \text {Decrease }\
a.&\text { Stockholders' equity } & \text { Assets } \
b.&\text { Assets } & \text { Liabilities } \
c.&\text { Liabilities } & \text { Stockholders' equity } \
d.&\text { Liabilities } & \text { Assets }
\end{array}$

Question

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The Answer of The effect of the declaration of a cash dividend by the board of directors is to $\begin{array}{cc}
& \text { Increase }& \text {Decrease }\
a.&\text { Stockholders' equity } & \text { Assets } \
b.&\text { Assets } & \text { Liabilities } \
c.&\text { Liabilities } & \text { Stockholders' equity } \
d.&\text { Liabilities } & \text { Assets }
\end{array}$

The Effect of the Declaration of a Cash Dividend by the Board