Indicate Whether Each of the Following Statements About Financial Statements

question 64

Short Answer

Indicate whether each of the following statements about financial statements is true or false.
_______ a)A cash dividend paid to stockholders is shown in the investing activities section of the statement of cash flows.
_______ b)A cash dividend paid to stockholders is shown on the statement of changes in stockholders' equity.
_______ c)A cash dividend paid to stockholders is shown on the income statement.
_______ d)The balance sheet shows ending balances of permanent accounts as of the last day of the accounting period.
_______ e)Changes in retained earnings for the accounting period are shown on the income statement.