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Brooks Company pays a $3,250 dividend to the stockholders. Required: What is the effect of this transaction on Individual asset accounts, individual liability accounts, the

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Brooks Company pays a $3,250 dividend to the stockholders. Required: What is the effect of this transaction on Individual asset accounts, individual liability accounts, the Capital Stock account, and the Retained Earnings account? Check all that apply. An asset account Increases A liability account increases Capital Stock increases. An asset account decreases A liability account decreases Capital Stock decreases. Retained Earnings increase Retained Earnings decrease. X 5

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