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If dividends are declared and paid in the same accounting period, what is the net effect on the accounting equation? a decrease in Retained Earnings

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If dividends are declared and paid in the same accounting period, what is the net effect on the accounting equation? a decrease in Retained Earnings and an increase in Expenses a decrease in Cash and an increase Expenses a decrease in Cash and an increase in Retained Earnings a decrease in Cash and a decrease in Retained Earnings

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