Declaration of a cash dividend was recorded by debiting Operations Expense and c

label Accounting
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

Declaration of a cash dividend was recorded by debiting Operations Expense and crediting Cash. This error would cause __________.

C. the period’s end stockholders’ equity to be understated

D. none of the above

Feb 5th, 2015

A

Feb 5th, 2015

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