Athena is the CFO at D'Amore Company and training the junior accountants how to record dividends. One of the junior accountants asks Athena what a dividend is. What should Athena's response be? An obligation to pay cash for an expense that was incurred A distribution of a company's profits that reduces Retained Earnings The Cost to make or buy a company's product A distribution of a company's profits that reduces Net income Question 26 of 30 On March 10th Okuneva Corp received $138,000 in cash for services that Okuneva Corp will perform in July. What is the elfect on the accounting equation? Increase Assets $138,000; increase Liabilties $138,000 Decrease Assets \$138,000: increase Retained Eamings $138,000 Increase Assets $138,000 D Decrease Liabilities $138,000 Increase Assets $138,000; increase Retained Earnings $138,000