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Benson Company declared and paid a cash dividend totaling $500,000 on its common stock. As...

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Accounting

Benson Company declared and paid a cash dividend totaling $500,000 on its common stock. As a result of this transaction, the company's debt to assets ratio will:

Decrease.

Increase.

Remain the same.

Cannot be determined.

Answer & Explanation Solved by verified expert
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