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Which of the following statements describe how a payment of dividends will affect the financial statement? Select all answers that apply: A. It will

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Which of the following statements describe how a payment of dividends will affect the financial statement? Select all answers that apply: A. It will not affect the financial statement. B. The equity will be reduced by the amount of the dividend. C. The profit will be reduced by the amount of the dividend. D. The bank account balance will be reduced by the amount of the dividend. E. The retained earnings balance will increase by the amount of the dividend. Previous Question Next

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