Asked by
Kasandra Medina
on Nov 15, 2024
Verified
An increase in the Dividends Declared account will result in
A) an increase in the Retained Earnings account.
B) an increase in expenses.
C) a decrease in the Retained Earnings account.
D) a decrease in expenses.
Dividends Declared
Dividends Declared are profits that a company's board of directors has decided to distribute to shareholders, but which have not yet been paid out.
Increase
An uptick in size, number, value, or strength.
- Comprehend the effects of transactions on equity owned by shareholders.
- Distinguish between various modifications and their impacts on financial reports.
Verified Answer
BS
Learning Objectives
- Comprehend the effects of transactions on equity owned by shareholders.
- Distinguish between various modifications and their impacts on financial reports.