Fen Company paid a $$300$ cash dividend. Which of the following shows how this event will affect the company$$s accounting equation? The letters $$NA$$ indicate that the component of the equation is not affected.

$$Assets$=$Liabilities$+$Common Stock$+$Retained EarningsA.$($$$300)=$NA$+$NA$+($$$300)$B$.($$$300)=($$$300)+$NA$+$NAC.$$300=$NA$+$NA$+$$$300$D$.($$$300)=$NA$+($$$300)+$NA

Multiple Choice

Option A

Option B

Option C

Option D