The Cheesecake Factory Incorporated (NASDAQ: CAKE) is publicly-held and had more than 93 million common shares outstanding as of the end of the 2016 fiscal year. The company has preferred stock authorized but did not have any preferred stock issued. During fiscal year 2016, The Cheesecake Factory declared and paid cash dividends of $0.88 per share, totaling approximately $42.3 million. During that same year, it purchased 2.9 million shares of its own common stock at an approximate cost of $146.5 million. During fiscal year 2016, The Cheesecake Factory declared and paid cash dividends of $0.88 per share. What impact, if any, would the cash dividend have had on The Cheesecake Factory's assets? A. Would decrease total assets B. Would increase total assets C. Total assets would not have been impacted by this transaction D. Not enough information given to determine impact on total assets The Cheesecake Factory Incorporated (NASDAQ: CAKE) is publicly-held and had more than 93 million common shares outstanding as of the end of the 2016 fiscal year. The company has preferred stock authorized but did not have any preferred stock issued. During fiscal year 2016, The Cheesecake Factory declared and paid cash dividends of $0.88 per share, totaling approximately $42.3 million. During that same year, it purchased 2.9 million shares of its own common stock at an approximate cost of $146.5 million. During fiscal year 2016, The Cheesecake Factory declared and paid cash dividends of $0.88 per share. What impact, if any, would the cash dividend have had on The Cheesecake Factory's equity as of the end of the fiscal year? O A. Would increase total equity B. Would decrease total equity O C. Total equity would not have been impacted by this transaction D. Not enough information given to determine impact on total equity The Cheesecake Factory Incorporated (NASDAQ: CAKE) is publicly-held and had more than 93 million common shares outstanding as of the end of the 2016 fiscal year. The company has preferred stock authorized but did not have any preferred stock issued. During fiscal year 2016, The Cheesecake Factory declared and paid cash dividends of $0.88 per share, totaling approximately $42.3 million. During that same year, it purchased 2.9 million shares of its own common stock at an approximate cost of $146.5 million. During fiscal year 2016, The Cheesecake Factory purchased 2.9 million shares of its own common stock at an approximate cost of $146.5 million. What impact, if any, would the purchase of its own stock have had on The Cheesecake Factory's liabilities during fiscal year 2016? A. Would decrease total liabilities B. Total liabilities would not have been impacted by this transaction C. Would increase total liabilities D. Not enough information given to determine impact on total liabilities