XYZ Co. paid $1,000 in dividends to stockholders. How doesthis transaction affec

Question

XYZ Co. paid $1,000 in dividends to stockholders. How doesthis transaction affect the accounts of XYZ?
a. Cash will decrease by $1,000 and retained earnings willdecrease by $1,000 b. Cash will decrease by $1,000 and revenues will increase$1,000 c. Cash will decrease by $1,000 and revenues will decrease$1,000 d. Net income will decrease by $1,000 XYZ Co. paid $1,000 in dividends to stockholders. How doesthis transaction affect the accounts of XYZ?
a. Cash will decrease by $1,000 and retained earnings willdecrease by $1,000 b. Cash will decrease by $1,000 and revenues will increase$1,000 c. Cash will decrease by $1,000 and revenues will decrease$1,000 d. Net income will decrease by $1,000

Explanation / Answer

A. cash will decrease by $ 1,000 and retained earnings willdecrease by $ 1000. Please rate the answers !

Related Questions

Navigate

• Browse (All)
• Browse X
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.