During fiscal 2013, S. B. and Decker reported Net income of $490.3 million and paid...
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Accounting
During fiscal 2013, S. B. and Decker reported Net income of $490.3 million and paid dividends of $307.1 million. Which of following describes how these transactions would affect S.B. and Deckers equity accounts? (in a million).
a) Increase contributed capital capital by $490.3 and decrease earned capital by $307.1
b) Decrease contributed capital by $307.1 and increase earned capital by $490.3
c) Increase contributed capital by $183.2
d) Increase earned capital by $183.2
e) None of the above
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