A company had 1,000,000 authorized shares, 100,000 issued shares, and 80,000 outstanding shares when it...
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Accounting
A company had 1,000,000 authorized shares, 100,000 issued shares, and 80,000 outstanding shares when it declared and paid a $1 dividend per share to shareholders. What is the impact to Retained Earnings as a result of this dividend? Decrease of $1,000,000 Decrease of $80,000 Decrease of $100,000 Increase of $80,000
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