The board of directors of Kenzie Jane’s Laundry Company declared a cash dividend on July 15, 2017. The dividend is to be paid on August 15, 2017, to stockholders of record on July 31, 2017. The correct recording on August 15, 2017, will include a(n) increase to Dividends decrease to Dividends increase to Dividends Payable decrease to Dividends Payable

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.