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The Shippecasse Company had a Current Ratio of 1:2. The Company paid a $10,000 cash dividend to preferred shareholders that was previously declared. What is

The Shippecasse Company had a Current Ratio of 1:2. The Company paid a $10,000 cash dividend to preferred shareholders that was previously declared. What is the effect of the payment journal entry on the current ratio and total stockholders' equity, respectively? Select one: O a. Increase, Increase O b. Decrease, Decrease O c. Increase, No Effect O d. No Effect, Increase O e. Decrease, No Effect

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