Indicate Whether Each of the Following Statements About Financial Statements

Essay

Indicate whether each of the following statements about financial statements is true or false.A cash dividend paid to stockholders is shown in the investing activities section of the statement of cash flows.A cash dividend paid to stockholders is shown on the statement of changes in stockholders' equity.A cash dividend paid to stockholders is shown on the income statement.The balance sheet shows ending balances of permanent accounts as of the last day of the accounting period.Changes in retained earnings for the accounting period are shown on the income statement.