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I wanted to see if I'm correct. I have down "B"...

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I wanted to see if I'm correct. I have down "B" The declaration of a cash dividend by the directors results in: a. a decrease in cash and a decrease in retained earnings. b. a decrease in retained earnings and an increase in current liabilities. c. a decrease in net income and a decrease in cash. d. a decrease in net income and an increase in current liabilities.

 

Paper#1959 | Written in 18-Jul-2015

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