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How does the declaration of a cash dividend that is entirely liquidating affect Retained Earnings and Paid-in-Capital, respectively? Select one a. No effect No effect

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How does the declaration of a cash dividend that is entirely liquidating affect Retained Earnings and Paid-in-Capital, respectively? Select one a. No effect No effect b. Inciease, Decrease c. Decrease, increase d. No effect, Decrease e. No effect, Increase Clear my choice

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