Which of the following is not true?
A) Retained earnings of $350,500 will appear on the balance sheet as of December 31,2008.
B) The net income in the above 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.
Correct Answer:
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