11.6

5 multiple choice questions. Please answer all 5:

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2.

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5.

pril 1, Year 1. ow will the May 1 payment of the dividend affect the financial statements? Multiple Choice Option A Option B Option C Option D w does the payment of a previously declared cash dividend affect the financial statements? Multiple Choice Decreases assets and stockholders' equity Increases liabilities and decreases stockholders' equity Decreases liabilities and increases stockholders' equity None of these answer choices are correct. fected on October 1? Multiple Choice Multiple Choice Option A Option B Option C Option D A corporation must record a liability for cash dividends on the date of record. True or False