Wong Pty Ltd paid dividends to shareholders. The effect of this transaction on the basic accounting equation is: a. Increase in assets and increase in equity. O b. O c. Decrease in assets and decrease in equity. Decrease in assets and increase in liabilities. Increase in assets and increase in liabilities. O d.

Wong Pty Ltd paid dividends to shareholders. The effect of this transaction on the basic accounting equation is: a. Increase in assets and increase in equity. b. Decrease in assets and decrease in equity. c. Decrease in assets and increase in liabilities. d. Increase in assets and increase in liabilities