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How does the declaration of a cash dividend that is entirely liquidating affect Retained Earnings and Paid-in-Capital, respectively? Select one: a

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How does the declaration of a cash dividend that is entirely liquidating affect Retained Earnings and Paid-in-Capital, respectively?

Select one:

a. 

No effect, No effect

b. 

Increase, Decrease

c. 

Decrease, Increase

d. 

No effect, Decrease

e. 

No effect, Increase