Series 7 - General Securities Representative Exam
DIV corporation just paid a dividend. Which of the following is TRUE?
Current liabilities are increased & Current assets are decreasedA
Current liabilities are increased & Current assets are increasedB
Current assets are decreased & Current liabilities are decreasedC
Current liabilities are decreased & Current assets are increasedD
The question refers to when the corporation PAID the dividend, not declared it. After paying it, current assets are decreased and current liabilities are decreased