The amount of dividends paid is reported on the statement of retained earnings.
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Q52: Income tax expense is shown on the
Q53: Journal entries are made on the date
Q54: Income taxes only affect the income statement.
Q55: Retained earnings is a temporary account.
Q56: The primary consideration for the decision to
Q58: Cash dividends are shown as an addition
Q59: Companies have one year after their fiscal
Q60: Corporate income tax is based on the
Q61: At the end of each accounting year,
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