Dividends Paid by a Corporation Represent a Distribution of Earnings

question 54

True/False

Dividends paid by a corporation represent a distribution of earnings to shareholders and are reported as an expense in the income statement.

---

Definitions:

Export

Items or services transported from one nation to another with the intent of being sold or traded.

Import

The act of bringing goods or services into one country from another for the purpose of trade.

Trade Surplus

The difference between a nation's exports and imports when exports exceed imports.

Trade Deficit

A measure of international trade in which a country's imports exceed its exports.