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Cash is decreased when: a
Cash is decreased when:
a. new debt is issued to purchase holiday merchandise
b. a dividend is paid
c. a short-term loan is used to purchase fixed assets
d. sales are made on credit
e. new debt is assumed
Expert Solution
The correct answer is option (b).
Cash is decreased when a dividend is paid.
Explanation: Cash is decreased when a dividend is paid as the dividend is needed to pay in cash.
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