Question

Dividends appear on

A) the retained earnings statement only

B) the income statement only

C) both the retained earnings statement and the balance sheet

D) the balance sheet only

Answer 1

Dividends appear on the income statement only.

Step-by-step explanation:

Dividends appear on the income statement only. The income statement is a financial statement that shows a company's revenues, expenses, and net income for a specific period of time. Dividends are a distribution of a portion of a company's earnings to its shareholders, and they are typically reported as an expense on the income statement.