2. Declaration of cash dividends will ... a. Increase the retained earnings b. Increase the stockholders' equity c. Decrease the retained earnings d. Decrease the total equity 3. All of the following are reported in the retained earnings statement, except ... a. Cash Dividends b. Net Income c. Net Loss d. Sales Revenue 4. All of the following will decrease retained earnings, except... a. Cash dividends b. Net loss c. Net income d. All of them will decrease retained earnings

2. Declaration of cash dividends will ... a. Increase the retained earnings b. Increase the stockholders' equity c. Decrease the retained earnings d. Decrease the total equity 3. All of the following are reported in the retained earnings statement, except ... a. Cash Dividends b. Net Income c. Net Loss d. Sales Revenue 4. All of the following will decrease retained earnings, except... a. Cash dividends b. Net loss c. Net income d. All of them will decrease retained earnings

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter21: Corporations: Taxes, Earnings, Distributions, And The Statement Of Retained Earnings

Section: Chapter Questions

Problem 5MC

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Declaration of cash dividends will … a. Increase the retained earnings b. Increase the stockholders’ equity c. Decrease the retained earnings d. Decrease the total equity Entries for dividends are required on the … a. Declaration date and payment date b. Declaration date and record date c. Record date and declaration date d. Payment date and record date
A. 3. What is the line item that appears on a statement of financial position? D. Cost of sales. Dividends paid. Current portion of long-term debt. Increase in cash and equivalents.
Retained earnings: a. Has a normal debit balance. b. Decreases stockholders’ equity. c. Is equal to the balance in cash. d. Increases stockholders’ equity.
Can you help me with #11-#13?
Which of the following does not decrease retained earnings? Select one: a. Stock dividends b. Cash dividends c. Net loss d. Net income
Which of the following statements is true about vertical analysis? O a. It is not useful for analyzing changes in financial statements over time O b. It is useful in analyzing relationships within a financial statement. O c. Each line item is expressed as a percent of stockholders' equity. O d. The amount of change in each line item is calculated.
31. The total retained earnings balance typically is not affected by * a. Net Income b. A prior period error c. Dividends paid d. Restrictions
1. What amount should be reported as total assets after restatement for hyperinflation? a. 3,550,000b. 6,000,000c. 6,780,000d. 5,000,000 2. What amount should be reported as retained earnings after restatement? a. 950,000b. 200,000c. 400,000d. 500,000 3. What amount should be reported as total shareholders’ equity after restatement? a. 5,200,000b. 5,400,000c. 6,150,000d. 5,800,000
Both cash dividends and stock dividends: a. Reduce total assets. b. Reduce total liabilities. c. Reduce total stockholders’ equity. d. Reduce retained earnings.
Which of the following shows a correct effect on equity? Transaction
The stockholders' equity will be reduced by all of the following except a.dividends b.expenses c.revenues d.all of these
:Retained earnings Equal total stockholders' equity less treasury stock at the end of the period A .Refer to the amount shareholders are guaranteed to receive during company liquidation .B .Equal comulative net income less any net losses and dividends declared.C .Represent the amount of cash available to pay shareholders.D