Dividends Paid to Stockholders Are Subtracted in the Calculation of Net

question 59

True/False

Dividends paid to stockholders are subtracted in the calculation of net income,as expenses.

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Definitions:

Posting Reference Column

A column in journals or ledgers used to record page numbers or account numbers, facilitating the tracking of transactions.

Ledger

A comprehensive collection of a company's financial accounts, where all transactions are recorded.

Transactions

Acts of buying, selling, transferring, or exchanging goods, services, or funds between two or more parties.