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Tavern Corp. declared a $50,000 cash dividend on July 1, 2020, with the following related information: Ex-Dividend Date: July 14, 2020 Date of Record: July
Tavern Corp. declared a $50,000 cash dividend on July 1, 2020, with the following related information:
Ex-Dividend Date: July 14, 2020
Date of Record: July 15, 2020
Date of Payment: July 31, 2020
For this transaction, would Tavern Corp.s liabilities increase, decrease, or remain unchanged on each listed date?
July 1 July 14 July 15 July 31
Group of answer choices
Increase No change Increase Decrease
Increase No change No change Decrease
Decrease No change No change Increase
No change No change Decrease Increase
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