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Piano Corporation has a current ratio of 2:1. Piano pays a cash dividend that was previously declared. How will the journal entry to record the

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Piano Corporation has a current ratio of 2:1. Piano pays a cash dividend that was previously declared. How will the journal entry to record the payment affect the Current Ratio and Stockholders Equity, respectively? Select one: a. Increase, No Effect b. Decrease, No Effect O c. Increase, Increase d. No Effect, Decrease e. No Effect, No Effect The correct answer is: Increase, No Effect

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