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TB MC Qu . 1 1 - 1 2 4 ( Static ) Which of the following statements about dlvidends... Which of the following statements

TB MC Qu $. 11 - 124 ($ Static $)$ Which of the following statements about dlvidends...

Which of the following statements about dividends is not correct?

Multiple Choice

Cash dividends paid to stockholders reduce net income.

Both stock dividends and cash dividends reduce Retained Earnings.

Dividends are declared at the discretion of the board of directors.

Dividends represent a sharing of corporate profits with owners.

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