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Which of the following statements regarding dividends is incorrect? Dividends will decrease assets or increase liabilities. Dividends are not reported in the Statement of

Which of the following statements regarding dividends is incorrect? Dividends will decrease assets or increase liabilities. Dividends are not reported in the Statement of profit or loss. Dividends can only be distributed to shareholders of the company. All of these statements are incorrect. Dividends cannot exceed the current period's reported profit.

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