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-Refer to Beard Marine

Question 132

Multiple Choice

-Refer to Beard Marine. What was the economic effect of the dividend payment? A) The dividend reduced net income for 2013. B) The dividend should be added to net income if the company's accounting equation is in balance. C) The dividend reduced total retained earnings. D) The dividends must be paid whenever the company reports net income.
-Refer to Beard Marine. What was the economic effect of the dividend payment?


A) The dividend reduced net income for 2013.
B) The dividend should be added to net income if the company's accounting equation is in balance.
C) The dividend reduced total retained earnings.
D) The dividends must be paid whenever the company reports net income.

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