A company declared a cash dividend on its common stock in, Ask an Expert

Accounting

A company declared a cash dividend on its common stock in December 2010, payable in January 2011.

Retained Earnings would:

a. increase on the date of declaration.

b. not be affected on the date of declaration.

c. not be affected on the date of payment.

d. decrease on the date of payment.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9431726

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