Multiple Choice
If dividends are declared and paid in the same accounting period,what is the net effect on the accounting equation?
A) a decrease in Retained Earnings and an increase in Expenses
B) a decrease in Cash and an increase Expenses
C) a decrease in Cash and an increase in Retained Earnings
D) a decrease in Cash and a decrease in Retained Earnings
Correct Answer:
Verified
Correct Answer:
Verified
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