Dividends are considered an expense in running the business and reported in the income statement.
Correct Answer:
Verified
Q130: The balance sheet is a financial statement
Q131: Financial accounting has an impact on everyday
Q132: The two primary components of stockholders' equity
Q133: Financial statements are periodic reports published by
Q134: Any transaction that affects the income statement
Q136: One advantage of the corporate form of
Q137: The 1933 Securities Act and the 1934
Q138: Today,financial accounting and reporting standards in the
Q139: Retained earnings represents the cumulative amount of
Q140: Operating cash flows generally include cash transactions
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents