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How many of the following transactions would decrease net income? Declare and pay dividends Pay employee salaries for the current period Use supplies purchased on

How many of the following transactions would decrease net income?

Declare and pay dividends

Pay employee salaries for the current period

Use supplies purchased on account

Provide services for cash

Pre-pay a 12-month insurance policy

Sell a machine for less than book value

A. 1

B. 2

C. 3

D.4

E. 5

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