Which of the following statements is CORRECT? Dividends paid reduce the net income that is reported on a company's income statement. decline in its current assets as shown on the balance sheet. reported current assets and current liabilities at the end of the year. If a company pays more in dividends than it generates in net income, its retained earnings as reported on the balance O If a company uses some of its bank deposits to buy short-term, highly liquid marketable securities, this will cause a O If a company issues new long-term bonds to purchase fixed assets during the current year, this will increase both its O sheet will decline from the previous year's balance