Which of the Following Is $\bold{not}$ True $\quad$ $\quad$ $\quad$

Which of the following is $\bold{not}$ true? $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ HOOPER'S HOPS
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ Statement d Retained Eamings
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ For the Year Ended December 31, 2008
$\begin{array}{|l|r|}\hline \text { Retained Earnings, January 1, 2008 } & \$ 167,800 \\\hline \text { Net Income for 2008 } & 219,100 \\\hline \text { Dividends for } 2008 & \underline{(36,400) } \\\hline \text { Retained Earnings, December 31,2008 } & \underline{\$ 350,500} \\\hline \end{array}$

A) Retained earnings of $350,500 will appear on the balance sheet as of December 31,2008.
B) The net income in the statement came from the income statement for the year ended December 31,2008.
C) Dividends are shown in parenthesis because they are payments made by a company to its shareholders as a return on their investment.
D) Retained earnings are the amount of distributions made to the shareholders since the company started.