The declaration of a common stock dividend will appear on which of the following financial statements?

Question

Quizplus · Accepted Answer

The declaration of a common stock dividend will appear on the statement of retained earnings, which shows changes in retained earnings over a period of time. It is not recorded on the income statement, which only shows revenues and expenses, or the balance sheet, which shows the assets, liabilities, and equity at a specific point in time.

The Declaration of a Common Stock Dividend Will Appear on Which