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Cash dividend payments have the following impact on the financial reports. A. Debit to expenses...

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Accounting

Cash dividend payments have the following impact on the financial reports.

A. Debit to expenses and credit to cash.

B. Reduction to net income and increase to net assets.

C. Debit to retained earnings and credit to cash.

D. Credit to retained earnings and credit to cash.

E. Cash dividends have no impact on the financial report.

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