Question
Aventis Company distributes cash dividends. How does this transaction affect the accounting equation? A.The assets increase and liabilities decrease. B.The assets decrease and equity decreases.
Aventis Company distributes cash dividends. How does this transaction affect the accounting equation?
A.The assets increase and liabilities decrease.
B.The assets decrease and equity decreases.
C.The assets, liabilities, and equity remain the same.
D.The assets decrease and equity increases.
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Managerial Accounting
Authors: Karen Braun, Wendy Tietz, Louis Beaubien
4th Canadian Edition
013544344X, 9780135443446
