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Mar. 29 The company paid a $5100 cash dividends. the event ____ net income because ______. the event _____ total assets. the event _____ total
Mar. 29 The company paid a $5100 cash dividends.
the event ____ net income because ______. the event _____ total assets. the event _____ total liabilities. the event _____ equity because _____.
possible answers from drop down box:
has no effect on
increases
decreases
no income statement accounts were affected
The revenue increases
The revenue decreases
The expenses increase
The Expenses decrease
It is an owners contribution
Net income decreases
Net income
It is a distribution
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