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Which of the following is true of dividends? a.Dividends are non-operating expenses. b.Payment of dividends does not affect retained earnings. c.Dividends are operating expenses. d.Dividends

Which of the following is true of dividends?

a.Dividends are non-operating expenses.

b.Payment of dividends does not affect retained earnings.

c.Dividends are operating expenses.

d.Dividends do not represent assets consumed in earning revenues

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