What are the financial statement effects
Problem
Dorsey Corp. declared dividends totalling $45 million during the fiscal year ended December 31, 2021. The dividends are paid on January 16, 2022. When the dividends are declared, what are the financial statement effects?
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Dorsey Corp. declared dividends totalling $45 million during the fiscal year ended December 31, 2021. What are the financial statement effects?
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