Return to Blackboard Kimmel, Financial Accounting, 9e Help System Announcements Multiple Choice Question 129 The cumulative effect of the declaration and payment of a cash dividend on a company's financial statements is to OOO Increase total expenses and total liabilities. increase total assets and stockholders' equity. decrease total assets and stockholders' equity. decrease total liabilities and stockholders' equity. Question Attempts: 0 15 le A 80 F3 F2 000 000 F4 FS DU FB F6 F7 F9 % A &