Payment of a dividend
a. decreases cash; increases stockholders' equity.
b. decreases cash; decreases retained earnings.
c. increases retained earnings; increases expenses.
d. increases expenses; decreases cash.
Answer: B
Payment of a dividend
a. decreases cash; increases stockholders' equity.
b. decreases cash; decreases retained earnings.
c. increases retained earnings; increases expenses.
d. increases expenses; decreases cash.
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