The board of directors of Knick Company declared a dividend. Later, the dividend was disbursed to stockholders. The dividend disbursement would:
A) decrease net income
B) decrease both net income and stockholders' equity
C) decrease stockholders' equity
D) None of these answers is correct.

Question

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The Answer of The board of directors of Knick Company declared a dividend. Later, the dividend was disbursed to stockholders. The dividend disbursement would:
A) decrease net income
B) decrease both net income and stockholders' equity
C) decrease stockholders' equity
D) None of these answers is correct.

The Board of Directors of Knick Company Declared a Dividend