LO 4.5 On which financial statement would the Dividends account appear?Choose one answer from the options below.A. Balance SheetB. Income StatementC. Retained Earnings StatementD. Statement of Cash Flows
Question
LO 4.5 On which financial statement would the Dividends account appear?Choose one answer from the options below.A. Balance SheetB. Income StatementC. Retained Earnings StatementD. Statement of Cash Flows
Solution
The Dividends account would appear on the C. Retained Earnings Statement. This statement shows the changes in a company's retained earnings over an accounting period. The statement includes net income, dividends paid out to shareholders, and any other transactions that increase or decrease retained earnings.
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