Multiple Choice
Alpha Co.is paying a $.72 per share dividend today.There are 138,000 shares outstanding with a par value of $1 per share.As a result of this dividend,the:
A) retained earnings will decrease by $99,360.
B) retained earnings will decrease by $138,000.
C) common stock account will decrease by $138,000.
D) common stock account will decrease by $99,360.
E) capital in excess of par value account will decrease by $99,360.
Correct Answer:
Verified
Correct Answer:
Verified
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