NEED HELP WITH BOTH QUESTIONS PLEASE & THANK YOU

After net income has been determined, it is then transferred to the: Multiple Choice Statement of Cash Flows. Balance Sheet. Income Statement Statement of Retained Earnings. Declared dividends: Multiple Choice are not a legal obligation that a company must pay. are an expense of doing business. are a way to distribute the company's profits to its shareholders. are not recorded as a liability because they are not an expense of doing business