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Which of the following statements about dividends is false? Stock dividends increase the number of shares of stock issued and outstanding. Cash dividends become a

Which of the following statements about dividends is false?

Stock dividends increase the number of shares of stock issued and outstanding.

Cash dividends become a liability to the corporation when declared by the board of directors.

Cash dividends will reduce a company's net income.

Cash dividends and stock dividends reduce retained earnings.

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