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In 20X7, Tukker Tuna Inc. reported total assets of $100 million and total liabilities of $60 million. In 20X8, the company reported net income of
In 20X7, Tukker Tuna Inc. reported total assets of $100 million and total liabilities of $60 million. In 20X8, the company reported net income of $20 million and paid dividends of $5 million. Determine the impact of the dividends paid on the company's resulting total assets at the end of 20x8 Decrease by $15 million Increase by $5 million Decrease by $5 million Unaffected
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