Which of the following items would not reduce retained earnings?
A) A common stock dividend.
B) A preferred stock dividend.
C) A cash dividend.
D) Cash payment of a previously declared dividend.
Correct Answer:
Verified
Q81: Dividends become a liability of a corporation:
A)On
Q82: At the beginning of the current year,Wilson
Q83: Supervox Corporation declared a 3-for-2 common stock
Q86: On January 31,Village Bank had 500,000 shares
Q88: At the beginning of the current year,Elite
Q89: Which of the following would be treated
Q91: Declaration and distribution of a stock dividend
Q93: Dividends are first recorded and retained earnings
Q97: If a material accounting error was made
Q115: A prior period adjustment appears in:
A)The income
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents