The board of directors of capstone inc. declared a $0.60 per share cash dividend on its $1 par common stock. on the date of declaration, there were 50,000 shares authorized, 20,000 shares issued, and 5,000 shares held as treasury stock. what is the entry when the dividends are declared? a. dividends 9,000 dividends payable 9,000 b. dividends 9,000 cash 9,000 c. dividends 12,000 dividends payable 12,000 d. dividends 12,000 cash 12,000 select one: a. option c b. option a c. option d d. option b

Explain whether each of the following events increases or decreases the money supply. a. the fed buys bonds in open-market operations. b. the fed reduces the reserve requirement. c. the fed increases the interest rate it pays on reserves. d. citibank repays a loan it had previously taken from the fed. e. after a rash of pickpocketing, people decide to hold less currency. f. fearful of bank runs, bankers decide to hold more excess reserves. g. the fomc increases its target for the federal funds rate.