Which of the following statements is true? A)Amounts received from issuing stock are revenues. B)Amounts paid out as dividends are not expenses. C)Amounts paid out as dividends are reported on the income statement. D)Amounts received from issued stock are reported on the income statement.

Question

Quizplus · Accepted Answer

Dividends are distributions of profit to shareholders and are not considered expenses; they are not reported on the income statement but rather on the statement of retained earnings.

Which of the Following Statements Is true