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What are the financial statement effects of fox entry

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Problem 1: During 2020, Fox Co. had 10,000 common shares authorized with 8,000 issued and 7,000 outstanding. At year-end Fox declares $10 per share in dividends with 70% paid at declaration and 30% paid next year. What are the financial statement effects of Fox's entry on declaration?

Group of answer choices

Option 1: A: D L: I SE: D NI: NE CFs: D

Option 2: A: D L: I SE: NE NI: NE CFs: D

Option 3: A: D L: I SE: D NI: D CFs: D

Option 4: A: D L: D SE: D NI: D CFs: D

Reference no: EM132807062

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