Question: On October 1 , Allison Corporation declared a $ 7 0 , 0 0 0 cash dividend to be paid on December 1 5 to

On October 1, Allison Corporation declared a $70,000 cash dividend to be paid on December 15 to shareholders of record on November 1. Which of the following shows how Allison's financial statements will be affected on October 1? The letters "NA" and "FA" indicate that the component of the equation is "Not Affected" and "Financing Activities" respectively.
Multiple Choice
On October 1 , Allison Corporation declared a $ 7

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