Which statement regarding dividends is false?a. Dividends represent a sharing of corporate profits withowners.b. Both stock and cash dividends reduce retained earnings.c. Cash dividends paid to stockholders reduce net income.d. None of the above statements are false.
Which statement regarding dividends is false?a. Dividends represent a sharing of corporate profits withowners.b. Both stock and cash dividends reduce retained earnings.c. Cash dividends paid to stockholders reduce net income.d. None of the above statements are false.
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 16MC: Retained earnings is accurately described by all except which of the following statements? A....
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Which statement regarding dividends is false?
a. Dividends represent a sharing of corporate profits with
owners.
b. Both stock and cash dividends reduce retained earnings.
c. Cash dividends paid to stockholders reduce net income.
d. None of the above statements are false.
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