Which of the Following Statements Is False

question 70

Multiple Choice

Which of the following statements is false?

• A)A positive net income results in an increase in retained earnings.
• B)The ending retained earnings balance from the retained earnings portion of the statement of stockholders' equity is reported on the balance sheet.
• C)The change in the cash balance on the statement of cash flows added to the beginning cash balance equals the ending cash balance.
• D)The dividends reported on the statement of stockholders' equity are also reported as dividend expense on the income statement.

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