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Parrot Company paid a $300 cash dividend. Which of the following choices accurately reflects how this event would affect the company's financial statements? Parrot Company
Parrot Company paid a $300 cash dividend. Which of the following choices accurately reflects how this event would affect the company's financial statements?
Parrot Company paid a $300 cash dividend. Which of the following choices accurately reflects how this event would affect the company's financial statements? Balance Sheet Income Statement Statement Assets | = | Liab. | + | Equity | Rev Exp. | = | Net Inc. | ofCash A) B) C) D) NA 300(300) NA300- (300) | =| NA | +1 (300) | NA | (300) | =| NA | +1 (300) | (300) NA (300) NA NA | - | 300 | = | (300) - | 300 | = | (300) NA | | NA =| NA Flows NA (300) FA (300) FA 300) OA NA . NAStep by Step Solution
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