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7. When dividends are declared, which account is debited? (12 pt.) a. dividends b. additional paid in capital C. common stock 8. Who determines the

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7. When dividends are declared, which account is debited? (12 pt.) a. dividends b. additional paid in capital C. common stock 8. Who determines the par value of the stock and also declares a cash dividend? (1pt) a. stockholders b. board of directors c. none of the above are correct

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