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  3. bal corp. declared a $25,000 cash dividend on may

Bal Corp. declared a $25,000 cash dividend on May 8, which was distributed on June...

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Question

Accounting

Bal Corp. declared a $25,000 cash dividend on May 8, which was distributed on June 3. As a result of this cash dividend, working capital

Select one:

a.

Was not affected.

b.

Decreased on May 23.

c.

Increased on May 8.

d.

Decreased on May 8.

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