HIJ LIICII. Allempt 1 Question 25 (1 point) The payment of a cash dividend previously recorded: a) increases liabilities and increases assets b) reduces liabilities and reduces assets C) reduces shareholders' equity and reduces assets d) increases shareholders' equity and reduces liabilities Question 24 (1 point) A stock dividend will: a) reduce total assets b) have no effect on total assets or total owners' equity c) have no effect on total assets d) increase total owners' equity