Indicate on the blanks below the net effect (I = increase, D = decrease, NE = no effect) of each of the following entries on total stockholders' equity. _____ 1. To record the declaration of a cash dividend _____ 2. To record the payment of a previously declared and recorded cash dividend _____ 3. To close the Dividends account at the end of the accounting period

Fill in the blank(s) with correct word

1. D
2. NE
3. NE

Business

You might also like to view...

Which of the following is a defensive strategy that strives to maximize profits and cash flow as a business slowly exits a product-market?

A) a harvest strategy B) a vertical integration strategy C) a horizontal integration strategy D) a monetize strategy E) a divest strategy

Business

Your supplier works closely with you to jointly design a product in:

A) gray box design. B) black box design. C) white box design. D) red box design.

Business