On December 15, 2016, the board of directors of Cross Corporation declared a cash dividend, payable on January 8, 2017, of $0.98 per share on the 2,000,000 common shares outstanding. On December 15, 2016, Cross Corporation should:
not prepare a journal entry because the event had no effect on the corporation's financial position until 2017.
decrease retained earnings $1.96 million and increase expenses $1.96 million.
decrease retained earnings $1.96 million and increase liabilities by $1.96 million.
decrease cash $1.96 million and decrease retained earnings $1.96 million.

decrease retained earnings $1.96 million and increase liabilities by $1.96 million.

Explanation:

Declaration of a Cash Dividend creates a present obligation of towards shareholders of common shares for the issue of dividends. This present obligation is presented as a Liability at year end. Hence Increase in Liability

Dividends whether paid or not , when declared, they reduce the Retained Earnings in the Statement of Changes in Equity. Thus a decrease in Retained Earnings is effected.

the most important factor in the

work process or industry is to retain the interest of the employee. and to

retain them, their salary or profit must be adjusted to the best value. unless

the employee does not do his job properly, employees must receive bonuses or

benefits to ensure them to stay in the company. it will actually make them stay

longer, make them feel important and reduce costs for hiring new employees.

explanation:

mark brainliest!

drop shippers;