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The Baldwin Company has just issued $6,484,096 in dividends last year. The effect of this payment on the balance sheet is: Select: 1 Net Profit

The Baldwin Company has just issued $6,484,096 in dividends last year. The effect of this payment on the balance sheet is:

Select: 1

Net Profit will decrease $6,484,096

Liabilities will increase $6,484,096

Expenses will increase $6,484,096

Equity will decrease $6,484,096

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