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Given the following transaction: Corporation paid dividends to stockholders. Required: For the transaction above, complete the following: (a) Select the accounts that are affected (there

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Given the following transaction: Corporation paid dividends to stockholders. Required: For the transaction above, complete the following: (a) Select the accounts that are affected (there will be at least two). (b) Are the selected accounts increased or decreased? (c) If Retained Eam lected, choose the reason that it has changed. Account Which account is affected? Why has Retained Earnings changed? Cash Accounts Receivable Supplies Prepaid Insurance Is the account increased or decreased? Increased Decreased Increased Decreased Increased Decreased Increased Decreased Increased Decreased Increased Decreased Increased Decreased Increased Equipment Accounts Payable Capital Stock Retained Earnings 10 olo Decreased Choose One Continue 5 ? here to search o RI

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