Multiple Choice
If a company pays dividends of $10,000,
A) total stockholders' equity will be reduced by $10,000.
B) net income will be reduced by $10,000.
C) retained earnings will be reduced by $10,000.
D) Both retained earnings and total stockholders' equity will be reduced by $10,000.
Correct Answer:
Verified
Correct Answer:
Verified
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