Microsoft Visio 2013 is a component of Microsoft Office 2013

Spot Corporation declared a cash dividend on December 30, 20A, payable on January 10, 20B. A journal entry for the dividend was not made in December 20A. The effects on the 20A financial statements were

A. retained earnings and liabilities were understated. B. retained earnings and liabilities were overstated. C. expenses were understated. D. retained earnings was overstated and cash understated. E. retained earnings was overstated and liabilities understated.

If a stock is purchased at the beginning of a year, a single dividend is paid at the end of the year and the stock is sold immediately after the dividend has been received. In this case

A) the internal rate of return is lower than the holding period return. B) the holding period return. is lower than the internal rate of return. C) it is not possible to calculate the internal rate of return. D) the internal rate of return equals the holding period return.