What impact would the payment of a cash dividend have on a firm's retained earnings? Assume that

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What impact would the payment of a cash dividend have on a firm's retained earnings? Assume that the cash dividends are paid out of the existing balance of retained earnings.

It would decrease retained earnings

It would increase retained earnings

It would have no impact on retained earnings

Related Book For answer-question

Using Financial Accounting Information The Alternative to Debits and Credits

ISBN: 978-1111534912

8th edition

Authors: Gary A. Porter, Curtis L. Norton

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Posted Date: Feb 07, 2024 11:54 AM

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What impact would the payment of a cash dividend have on a firm's retained earnings? Assume that

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Using Financial Accounting Information The Alternative to Debits and Credits

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