16) The payment of a cash dividend previously declared: (1 pts) a) increases assets b) decreases equity c) increases liabilities d) decreases liabilities 13) The entry to record the declaration of a S.75 per share dividend on 12,500 outstanding shares of common (1pts stock requires a: a) credit to paid-in capital in excess of par-common for $9,375 b) debit to dividends payable for $9,375 c) debit to retained earnings for $9.375 d) credit to retained earnings for $9,375