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QUESTION
If Fred Inc., declares a cash dividend of $9,000 in 2012 which is paid in 2013, a. assets increase and liabilities increase $9,000 in 2012. assets...
If Fred Inc., declares a cash dividend of $9,000 in 2012 which is paid in 2013,
a. assets increase and liabilities increase $9,000 in 2012.
b. assets and owner's equity do not change in 2012.
c. assets and owner's equity both decrease $9,000 in 2012.
d. liabilities increase and owner's equity increase $9,000 in 2012.
e. none of the above.
