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Social ScienceWhat is the effect on the accounting equation when cash dividends are declared? What is the effect on the accounting equation when cash dividends are paid?
What is the effect on the accounting equation when cash dividends are declared? What is the effect on the accounting equation when cash dividends are paid?
Expert Answer
Cash dividends: The amount of cash provided by a corporation out of its distributable profits to its shareholders as a return for the amount invested by them is referred as cash dividends.
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Business
Accounting
Financial Accounting
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