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Assessment 4: (Algo) Fen Company paid a... Fen Company paid a $380 cash dividend. Which of the following shows how this event will affect the
Assessment 4: (Algo) Fen Company paid a... Fen Company paid a $380 cash dividend. Which of the following shows how this event will affect the companys accounting equation? The letters NA indicate that the component of the equation is not affected.
Assets=Liabilities+Common Stock+Retained EarningsA.($380)=NA+NA+($380)B.($380)=($380)+NA+NAC.$380=NA+NA+$380D.($380)=NA+($380)+NA
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