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The Baldwin Company has just issued $6,488,751 in dividends last year. The effect of this payment on the balance sheet is: Select: 1 Equity will

The Baldwin Company has just issued $6,488,751 in dividends last year. The effect of this payment on the balance sheet is: Select: 1 Equity will decrease $6,488,751 Liabilities will increase $6,488,751 Expenses will increase $6,488,751 Net Profit will decrease $6,488,751

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