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bus 475 capstone final examination part 2 new 2018

BUS 475 Capstone Final Examination Part 2 (New, 2018)

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BUS 475 Capstone Final Examination Part 2 A company declared a cash dividend of $8560 on December 5 2015. The company made a cash dividend payment on January 8, 2016. What is the cumulative effect of the declaration and payment of the cash dividend on the company’s financial statements? Total liabilities will remain the same, and total assets will increase by $8,560. Stockholders’ equity and total assets will decrease by $8,560.