question 3 of 5 dividends are reported on the income statement. retained earnings statement balance sheet…

question 3 of 5 dividends are reported on the income statement. retained earnings statement balance sheet income statement and balance sheet

question 3 of 5 dividends are reported on the income statement. retained earnings statement balance sheet income statement and balance sheet

Answer

Brief Explanations:

Dividends are a distribution of a company's earnings to its shareholders. They are reported on the retained earnings statement as they reduce the amount of retained earnings. They are not reported on the income statement as they are not an expense, and while they impact the balance - sheet through the change in retained earnings, they are not directly reported on it in isolation.

Answer:

retained earnings statement