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What the entry to pay the dividend will

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Question 1: Port, Inc. paid a cash dividend on January 2 that had been declared prior to the end of its fiscal year. The entry to pay the dividend will

Group of answer choices

Option a. increase Cash and increase Cash Dividend Payable.

Option b. decrease Cash Dividend Payable and increase Retained Earnings.

Option c. decrease Cash Dividend Payable and decrease Cash.

Option d. decrease Retained Earnings and increase Cash Dividend Payable.

Reference no: EM132556052

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