Dividends declared are reported on the

Name: Dividends declared are reported on the
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Dividends declared are reported on the Statement of Retained Earnings as a deduction from the balance of retained earnings. This statement shows how the company's profits have been affected by dividends, net income, and losses. They are not reported as an expense or revenue on the income statement and are not recognized as an asset on the balance sheet.

Dividends Declared Are Reported on the