Which of the following statements is correct? A. Dividends paid reduce the net income that is reported on a company's income statement. B. If a company pays more in dividends than it generates in net income, its retained eamings as reported on the balance sheet will fall C. If a firm reports a loss on its income statement, then the retained earnings account as shown on the balance stieet will be negative D. Common equity includes common stock and retained earnings, less accumulated depreciation. E. Al of the statements above are correct. Reset Selection