If 35 Percent of the Recent Dividend Paid by Yankees

question 82

Multiple Choice

If 35 percent of the recent dividend paid by Yankees Corporation was correctly considered to be a liquidating dividend,how would this distribution affect each of the following accounts? Additional Retained
Paid-In Capital Earnings

• A) No effect Decrease
• B) No effect No effect
• C) Decrease No effect
• D) Decrease Decrease

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