hard · Investment Banking

In a 3-statement model, a company pays $20.0 million in cash dividends.

Which of the following correctly describes the impact on the financial statements?

  1. Cash flows from financing decreases; retained earnings decreases.
  2. Retained earnings increases; cash flows from financing increases.
  3. Operating expenses increase; cash flows from investing decreases.
  4. Net income decreases; cash flows from operations decreases.

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