Select those statements below that are true about cash dividends.
a. On the declaration date, liabilities are increased.
b. On the payment date, current assets are decreased.
c. On the date of record, shareholders' equity is decreased.
d. On the payment date, shareholders' equity is decreased.
Ans:
a. On the declaration date, liabilities are increased.
b. On the payment date, current assets are decreased.
Business
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