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A company paid $8000 of dividends during a month. How does this transaction affect the accounting equation? Multiple Choice Dividends: decrease Accounts Payable: decrease Dividends:

A company paid $8000 of dividends during a month. How does this transaction affect the accounting equation?

Multiple Choice Dividends: decrease Accounts Payable: decrease Dividends: decrease Cash: decrease Dividends: increase Common Stock: decrease Dividends: increase Accounts Payable: increase Dividends: increase Cash: decrease

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