Cash dividends paid by a corporation a. reduces the net, Ask an Expert

Accounting

Cash dividends paid by a corporation:

a. reduces the net income of the corporation that declared the dividend.

b. reduces the retained earnings of the corporation that declared the dividend.

c. reduces the retained earnings of the corporation that declared the dividend because net income is reduced by the amount of the dividend.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9437786

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