Xyz co paid 1000 in dividends to stockholders how does this, Accounting Basics

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Xyz co paid 1000 in dividends to stockholders how does this

XYZ Co. paid $1,000 in dividends to stockholders. How does this transaction affect the accounts of XYZ?

a. Cash will decrease by $1,000 and retained earnings willdecrease by $1,000

b. Cash will decrease by $1,000 and revenues will increase$1,000

c. Cash will decrease by $1,000 and revenues will decrease$1,000

d. Net income will decrease by $1,000

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Accounting Basics: Xyz co paid 1000 in dividends to stockholders how does this

Reference No:- TGS0597242

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Recent Questions Asked Accounting Basics

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Accounting Basics: Xyz co paid 1000 in dividends to stockholders how does this

Reference No:- TGS0597242

Recent Questions Asked Accounting Basics

Q : In completing his federal income tax return for both 2004

Q : Translational equilibrium occurs when an object moves with

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