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Question 19 of 80 View Policies Current Attempt in Progress If dividends are declared and paid in the same accounting period, what is the net effect on the accounting equation? O a decrease in Retained Earnings and an increase in Expenses O a decrease in Cash and an increase Expenses a decrease in Cash and an increase in Retained Earnings O a decrease in Cash and a decrease in Retained Earnings Save for Later Attempts: 0 of 1 used SI