dividends:

are an expense of doing business

are a legal obligation that a company must pay annually

are reported only on the income statment of retained earnings

are reported on the balance sheet

which of the following steps is performed first at the end of each accounting period?

prepare adjusting entries

prepard a post-closing trial balance

prepare closing journal entries

prepare the statment of retained earnings

Dividends: Multiple Choice are an expense of doing business. O are a legal obligation that a company must pay annually. are reported only on the statement of retained earnings. ........: are reported on the balance sheet. Which of the following steps is performed first at the end of each accounting period? Multiple Choice Prepare adjusting entries. Prepare a post-closing trial balance. Prepare closing journal entries. Prepare the statement of retained earnings