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A company declared a cash dividend on its ordinary share capital in December 2014, payable in January 2015. Retained Earnings would a. not be affected

A company declared a cash dividend on its ordinary share capital in December 2014, payable in January 2015. Retained Earnings would

a. not be affected on the date of payment b. decrease on the date of payment c. increase on the date of declaration d. not be affected on the date of declaration

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