Any dividend that is considered to be a liquidating dividend will:
A. Reduce retained earnings.
B. Reduce paid-in capital.
C. Increase paid-in capital.
D. Reduce the common stock account.
Answer: B
Any dividend that is considered to be a liquidating dividend will:
A. Reduce retained earnings.
B. Reduce paid-in capital.
C. Increase paid-in capital.
D. Reduce the common stock account.
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.