Multiple Choice
Ramos Repair Company is paying a cash dividend. How does this transaction affect Ramos Repair Company's accounting equation?
A) increase in assets (Accounts Receivable) and decrease in assets (Cash)
B) decrease in assets (Cash) and decrease in stockholders' equity (Dividends)
C) decrease in assets (Cash) and decrease in liabilities (Accounts Payable)
D) increase in assets (Cash) and decrease in stockholders' equity (Dividends)
Correct Answer:
Verified
Correct Answer:
Verified
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