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The Company Reported the Following Information for the Year Ended

question 202

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The company reported the following information for the year ended December 31, 2019:
The company reported the following information for the year ended December 31, 2019:    -Refer to Beard Marine. What was the economic effect of the dividend payment? A) The dividend reduced net income for 2019. B) The dividend should be added to net income if the company's accounting equation is in balance. C) The dividend reduced total retained earnings. D) The dividends must be paid whenever the company reports net income.
-Refer to Beard Marine. What was the economic effect of the dividend payment?


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