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18 et red s out of ag question Assume a $100 cash dividend is declared; 70% of the dividend is a liquidating dividend. Indicate the change in Dividends Payable and Additional Paid-in-Capital respectively. Select one: Oa Decrease $70, Decrease $100 Ob Decrease $30, Decrease $100 Oc Increase $100, Decrease $70 Od. Decrease $30, Decrease $30 Oe. Increase $70, Decrease $70

18 et red s out of ag question Assume a $100 cash dividend is declared; 70% of the dividend is a liquidating dividend. Indicate the change in Dividends Payable and Additional Paid-in-Capital respectively. Select one: Oa Decrease $70, Decrease $100 Ob Decrease $30, Decrease $100 Oc Increase $100, Decrease $70 Od. Decrease $30, Decrease $30 Oe. Increase $70, Decrease $70

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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on 18 yet wered ints out of t 00 Rag question Assume a $100 cash dividend is declared; 70% of the dividend is a liquidating dividend. Indicate the change in Dividends Payable and Additional Paid-in-Capital respectively. Select one: O a. Decrease $70, Decrease $100 Ob Decrease $30, Decrease $100 Oc Increase $100, Decrease $70 Od. Decrease $30, Decrease $30 Oe. Increase $70, Decrease $70
Transcribed Image Text:on 18 yet wered ints out of t 00 Rag question Assume a $100 cash dividend is declared; 70% of the dividend is a liquidating dividend. Indicate the change in Dividends Payable and Additional Paid-in-Capital respectively. Select one: O a. Decrease $70, Decrease $100 Ob Decrease $30, Decrease $100 Oc Increase $100, Decrease $70 Od. Decrease $30, Decrease $30 Oe. Increase $70, Decrease $70
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