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Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
Edition 4ISBN: 978-0078025372Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
Edition 4ISBN: 978-0078025372 Exercise 77
Which statement regarding dividends is false
A) Dividends represent a sharing of corporate profits with owners.
B) Both stock and cash dividends reduce retained earnings.
C) Cash dividends paid to stockholders reduce net income.
D) None of the above statements are false.
A) Dividends represent a sharing of corporate profits with owners.
B) Both stock and cash dividends reduce retained earnings.
C) Cash dividends paid to stockholders reduce net income.
D) None of the above statements are false.
Explanation
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Option (a) is not correct answer because...
Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
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