Multiple Choice
Ramos Repair Company is paying a cash dividend.How does this transaction affect Ramos Repair Company's accounting equation?
A) increase assets Accounts Receivable and decrease assets Cash
B) decrease assets Cash and decrease stockholders' equity Dividends
C) decrease assets Cash and decrease liabilities Accounts Payable
D) increase assets Cash and decrease stockholders' equity Dividends
Correct Answer:
Verified
Correct Answer:
Verified
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