Question
Spring Company declares a $100,000 cash dividend. How will the accounting equation be affected by this dividend declaration? decrease assets and decrease liabilities The accounting
Spring Company declares a $100,000 cash dividend. How will the accounting equation be affected by this dividend declaration?
decrease assets and decrease liabilities
The accounting equation will not be affected
increase assets and increase liabilities
increase liabilities and decrease stockholders equity
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International Accounting
Authors: Frederick D. Choi, Gary K. Meek
6th edition
131588141, 978-0131588141
