Asked by
Samantha Clark
on Nov 15, 2024Verified
Dividends declared
A) increase assets.
B) increase expenses.
C) decrease revenues.
D) decrease retained earnings.
Dividends Declared
Profits distributed by a company to its shareholders out of its earnings, based on the number of shares owned.
Retained Earnings
Profits that a company has earned to date, less any dividends or other distributions paid to shareholders, often reinvested in the business or kept as a reserve.
- Comprehend the effect of dividends on retained earnings.
Verified Answer
DR
Learning Objectives
- Comprehend the effect of dividends on retained earnings.
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