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Which of the following statements is true? A. Dividends decrease net income. B. Net income causes liabilities to decrease. C. Assets will decrease by the amount of net loss.

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Question

(Multiple Choice)Which of the following statements is true?A. Dividends decrease net

income.

B. Net income causes liabilities to decrease.

C. Assets will decrease by the amount of net loss.

D. Cash increases as net income increases.

E. None of these.

 
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