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The Chester Company has just issued $6,994,472 in dividends last year. The effect of this...

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Accounting

The Chester Company has just issued $6,994,472 in dividends last year. The effect of this payment on the balance sheet is: Select: 1Save Answer Net Profit will decrease $6,994,472 Equity will decrease $6,994,472 Liabilities will increase $6,994,472 Expenses will increase $6,994,472

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