Series 7 - General Securities Representative Exam

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DIV corporation just paid a dividend. Which of the following is TRUE?

Current liabilities are increased & Current assets are decreased
A
Current liabilities are increased & Current assets are increased
B
Current assets are decreased & Current liabilities are decreased
C
Current liabilities are decreased & Current assets are increased
D
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Explanations

The question refers to when the corporation PAID the dividend, not declared it. After paying it, current assets are decreased and current liabilities are decreased

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