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Which of the following statements is true? I. Dividends may be paid in cash or stock II. A cash dividend reduces a corporation's cash and
Which of the following statements is true?
I. Dividends may be paid in cash or stock
II. A cash dividend reduces a corporation's cash and retained earnings
III. A stock dividend does not affect corporation's cash or equity
a. I and II only
b. I and III only
c. I, II, and III
d. None of the above
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