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Which combined effect of the declaration on a company

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Problem 1: The combined effect of the declaration and payment of a cash dividend on a company's financial statements is to:

Option 1: decrease total assets and decrease stockholders' equity.

Option 2: increase total expenses and decrease assets.

Option 3: increase total assets and increase stockholders' equity.

Option 4: increase total liabilities and decrease stockholders' equity.

Reference no: EM132945187

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