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Dividends X Dividends payable X Are any of these two accounts in the journal an asset? If yes, did they increase or decrease? If there
Dividends | X |
|
Dividends payable |
| X |
Are any of these two accounts in the journal an asset? If yes, did they increase or decrease? If there weren't any assets in the journal, what would you say is the effect of the journal entry on total assets?
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