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Bal Corp. declared a $25,000 cash dividend on May 8, which was distributed on June 3. As a result of this cash dividend, working capital
Bal Corp. declared a $25,000 cash dividend on May 8, which was distributed on June 3. As a result of this cash dividend, working capital
Select one:
a.
Was not affected.
b.
Decreased on May 23.
c.
Increased on May 8.
d.
Decreased on May 8.
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