Multiple Choice
Owners of Tri-States Industries, Ralph and Maureen, are sent a dividend check from the company.For this transaction, what is the effect on the accounting equation for Tri-States Industries?
A) Assets decrease and stockholders' equity decreases.
B) Assets increase and stockholders' equity increases..
C) Liabilities increase and stockholders' equity decreases.
D) Liabilities increase and stockholders' equity decreases
Correct Answer:
Verified
Correct Answer:
Verified
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