Indicate the Respective Effects of the Declaration of a Cash $\begin{array}{lccc} \text { Total Assets } & \text { Total Liabilities } & \text { Total Stockholders' Equity } \\\end{array}$

Short Answer

Indicate the respective effects of the declaration of a cash dividend on the following balance sheet sections: $\begin{array}{lccc} \text { Total Assets } & \text { Total Liabilities } & \text { Total Stockholders' Equity } \\\end{array}$
A) $\begin{array}{lccc} \text {Increase } &&&& \text { Decrease } &&&& \text { No change } \\\end{array}$
B) $\begin{array}{lccc} \text {No change } &&&& \text { Increase } &&&& \text { Decrease } \\\end{array}$
C) $\begin{array}{lccc} \text {Decrease } &&&&& \text { Increase } &&&& \text { Decrease } \\\end{array}$
D) $\begin{array}{lccc} \text {Decrease } &&&&& \text { No change } &&& \text { Increase }\end{array}$