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Select the Effect (A, B, or C) That Each Transaction

Question 11

Multiple Choice

Select the effect (a, b, or c) that each transaction listed in would most likely cause on the debt/equity ratio.
-Declared and paid a 10% stock dividend


A) Decrease in debt/equity ratio
B) Increase in debt/equity ratio
C) Does not change debt/equity ratio

Correct Answer:

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