Multiple Choice
Which of the following statements is true?
A) Profits distributed to the creditors are called dividends.
B) The balance sheet shows the assets,liabilities,and profits of a company.
C) Dividends are an expense and are reported on the income statement as a deduction from net income.
D) The income statement reports the revenues and expenses of a company.
Correct Answer:
Verified
Correct Answer:
Verified
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