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QUESTION 13 A company declared a cash dividend on its common stock on December 15 of the previous year, payable on January 12 of the
QUESTION 13
- A company declared a cash dividend on its common stock on December 15 of the previous year, payable on January 12 of the current year. How would this dividend affect stockholders' equity on the following dates?
December 15, previous year
December 31, previous year
January 12, current year
Decrease, No effect , Decrease
Decrease, No effect, No effect
No effect, Decrease, No effect
No effect, No effect, Decrease
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