Cash dividends, property dividends, and scrip dividends are examples of dividends that:
A. decrease total stockholders' equity by decreasing contributed capital.
B. have no effect on total stockholders' equity but decrease retained earnings and increase contributed capital.
C. have no effect on any element of stockholders' equity.
D. decrease total stockholders' equity by decreasing retained earnings.
Answer:D
Cash dividends, property dividends, and scrip dividends are examples of dividends that:
A. decrease total stockholders' equity by decreasing contributed capital. B. have no effect on total stockholders' equity but decrease retained earnings and increase contributed capital. C. have no effect on any element of stockholders' equity. D. decrease total stockholders' equity by decreasing retained earnings.