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Consider the following two statements. Statement 1: Dividends paid must be reported in the...

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Accounting

Consider the following two statements. Statement 1: Dividends paid must be reported in the Income Statement and Other Comprehensive Income. Statement 2: losses from disposal of assets must be recognized in the Statement of Changes in Equity

a.Both statements are true b.Statement 1 is true, and statement 2 is false c.Statement 1 is false, and statement 2 is true d.Both statements are false

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