The combined effect of the declaration and payment of a cash dividend on a company's financial statements is to: Multiple Choice 0 decrease total assets and decrease shareholders' equity. O increase total assets and increase shareholders' equity. O O increase total expenses and increase total liabilities. decrease total liabilities and decrease shareholders' equity. Which of the following is a standard of recognition of contingent liabilities required by IFRS: Multiple Choice O does not require that it be measurable. recognize the liability if the occurrence of the future event is likely meaning it is highly probable. O recognize the liability if the occurrence of the future event is more likely than not meaning its probable and it is also measurable. C ) Recognize the liability if the occurrence of the future event is certain