Walter Co.declared a cash dividend.On the payment date of the dividend,its:
A)assets decreased and its stockholders' equity decreased.
B)assets decreased and its liabilities decreased.
C)assets decreased and its stockholders' equity increased.
D)liabilities decreased and its common stock decreased.

Question

Quizplus · Accepted Answer

The payment of a dividend will decrease Cash,an asset,and Dividends Payable,a liability.

Walter CoDeclared a Cash Dividend