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  3. pay cash dividends to stockholders for $60,000 1.

Pay cash dividends to stockholders for $60,000 1. How would this impact net income? state...

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Accounting

Pay cash dividends to stockholders for $60,000

1. How would this impact net income? state increase or decrease and amount or NA (example: increase 10,000)

2. How would this impact the cash (bank) account? state increase or decrease and amount or NA (example: decrease 10,000)

3. What type of cash flow activity would it be on the cash flow statement? put OA, IA, FA, or NA (example: OA)

  • OA= operating activity
  • IA= investing activity
  • FA=financing activity
  • NA= not applicable

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