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The board of directors of Marigold Corp. declared a cash dividend...

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Accounting

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The board of directors of Marigold Corp. declared a cash dividend of $2.35 per share on 32000 shares of common stock on July 15 , 2020. The dividend is to be paid on August 15, 2020, to stockholders of record on July 31,2020 . The effects of the journal entry to record the declaration of the dividend on July 15,2020 . are to decrease stockholders' equity and decrease assets. increase stockholders' equity and increase liabilitic increase stockholders' equity and decrease assets. decrease stockholders' equity and increase fiabilitich

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