How does transaction affect the accounts

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Reference no: EM13258526

XYZ Co. paid $1,000 in dividends to stockholders. How does this transaction affect the accounts of XYZ?

a. Cash will decrease by $1,000 and retained earnings willdecrease by $1,000

b. Cash will decrease by $1,000 and revenues will increase$1,000

c. Cash will decrease by $1,000 and revenues will decrease$1,000

d. Net income will decrease by $1,000

Reference no: EM13258526

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