Question
Which of the following statements about dividends isTRUE? A. Dividends increase both the assets and retained earnings of the corporation. B. Dividends must be paid
Which of the following statements about dividends isTRUE?
A.
Dividends increase both the assets and retained earnings of the corporation.
B.
Dividends must be paid on an annual basis.
C.
Dividends are the bonuses paid to thecorporation's board of directors.
D.
Dividends are the distribution of earnings to theshareholders, similar to withdrawals.
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Accounting Information Systems Controls and Processes
Authors: Leslie Turner, Andrea Weickgenannt, Mary Kay Copeland
3rd edition
1119329566, 1119329565, 1119386179, 1119302110, 9781119302117 , 978-1119329565
