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A company declared a cash dividend of $8,560 on December 5, 2015. The company made a cash dividend payment on January 8, 2016. What is
A company declared a cash dividend of $8,560 on December 5, 2015. The company made a cash dividend payment on January 8, 2016. What is the cumulative effect of the declaration and payment of the cash dividend on the company's financial statements??
?1. Stockholders' equity will increase by $8,560, and total assets will remain the same.
2. ?Stockholders' equity and total assets will decrease by $8,560.
3. Total liabilities will remain the same, and total assets will increase by $8,560.
4. ?Total assets and liabilities will increase by $8,560.
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