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Dividends increase liabilities on which of the following dates? Select one: O a. Record date Ob. Declaration date Oc. Payment date Od Sale date When the FIFO method of inventory valuation is used, Cost of Goods Sold is assumed to consist of: 25 tion O a The least expensive units O b. The most expensive units O c The most recently purchased units Od. The oldest units 10 Which of the following would not initially be recorded as a prepaid expense by Ridge Corporation? a of 25 estion O a. Ridge Corporation purchased supplies to be used over the next year. Ob Ridge Corporation paid for four months of maintenance fees to be incurred in the next four months Oc Ridge purchased a three-year insurance policy. Od Ridge purchased a three-year insurance policy