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Desert Apparel has 5,000 shares of common stock outstanding. On April 1, the company declares a $2 per share dividend to stockholders of record on

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Desert Apparel has 5,000 shares of common stock outstanding. On April 1, the company declares a $2 per share dividend to stockholders of record on April 15. The dividend is paid on April 30. Record all necessary entries on the appropriate dates for cash dividends. Indicate whether each of the following transactions increases(+), decreases(-), or has no effect (NE) on total assets, total liabilities, and total stockholders' equity. Wireless Technologies reports cost of goods sold of $40 million. Inventory at the beginning and end of the year are $4 million and S3 million, respectively. Accounts payable at the beginning and civ. the year are $3 million and $6 million, respectively. What is the amount of cash paid to suppliers

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