FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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**Quiz Question:**

The net effect to a corporation of the declaration and payment of a cash dividend is to:

- a. increase assets and increase stockholders' equity
- b. increase stockholders' equity and decrease liabilities
- c. decrease liabilities and decrease stockholders' equity
- d. decrease assets and decrease stockholders' equity

*Note:* Moving to the next question prevents changes to this answer.
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Transcribed Image Text:**Quiz Question:** The net effect to a corporation of the declaration and payment of a cash dividend is to: - a. increase assets and increase stockholders' equity - b. increase stockholders' equity and decrease liabilities - c. decrease liabilities and decrease stockholders' equity - d. decrease assets and decrease stockholders' equity *Note:* Moving to the next question prevents changes to this answer.
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