Which of the Following Statements Is CORRECT

question 34

Multiple Choice

Which of the following statements is CORRECT?

• A)Dividends paid reduce the net income that is reported on a company's income statement.
• B)If a company uses some of its bank deposits to buy short-term, highly liquid marketable securities, this will cause a decline in its current assets as shown on the balance sheet.
• C)If a company issues new long-term bonds to purchase fixed assets during the current year, this will increase both its reported current assets and current liabilities at the end of the year.
• D)Accounts receivable are reported as a current liability on the balance sheet.
• E)If a company pays more in dividends than it generates in net income, its retained earnings as reported on the balance sheet will decline from the previous year's balance.

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Definitions:

CNS

Stands for Central Nervous System, which comprises the brain and spinal cord, serving as the primary processing center for the entire nervous system.

Arachnoid Granulations

Small protrusions of the arachnoid (the middle layer of the meninges) through the dura mater; they absorb cerebrospinal fluid into the venous system.

CSF

Cerebrospinal Fluid, a clear fluid found in the brain and spinal cord that cushions and protects the central nervous system.

Dural Sinuses

Channels found within the dura mater of the brain that drain venous blood from the brain and transport it into the internal jugular veins.