Recording the payment (as distinguished from the declaration) of a cash dividend, the declaration of which was
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Question:
Recording the payment (as distinguished from the declaration) of a cash dividend, the
declaration of which was already recorded, will
Increase the current ratio but have no effect
on working capital.
Decrease both the current ratio and working capital.
Increase both the current ratio and working capital.
Have no effect on the current ratio or earnings per share.
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