Which of the following statements is TRUE?
A) Dividends are expenses of a business.
B) Dividends reduce retained earnings.
C) Dividends increase retained earnings.
D) Dividends reduce net income.
Correct Answer:
Verified
Q74: Owners' equity is called stockholders' equity for
Q75: The accounting equation can be stated as:
A)Assets
Q76: Liabilities are:
A)a form of paid-in capital.
B)future economic
Q77: The Clarke Company had beginning retained earnings
Q78: Expenses are decreases in retained earnings that
Q80: The two main components of stockholders' equity
Q81: Census Company had the following accounts and
Q82: Net income is computed as:
A)revenues - expenses
Q83: Net income:
A)is calculated by subtracting total expenses
Q84: Revenues were $150,000,expenses were $144,000,and cash dividends
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