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What payment will affect the expanded accounting equation

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Reference no: EM132816901

Problem 1: Bolo, Inc. paid shareholders dividends during 2020. This payment will affect the expanded accounting equation in what ways?

Option 1: Net income will decrease

Option 2: Current assets will increase

Option 3: Retained earnings will decrease

Option 4: Retained earnings will increase

Reference no: EM132816901

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