On the Statement of Retained Earnings

question 106

Multiple Choice

On the statement of retained earnings:

• A)dividends declared increase net income and are added to calculate the end-of-year balance of retained earnings.
• B)dividends declared are subtracted to calculate the end-of-year balance of retained earnings.
• C)dividends declared are not used to calculate the end-of-year balance of retained earnings.
• D)dividends declared are not reported on the retained earnings statement.

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Definitions:

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