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On the statement of retained earnings: A. dividends declared increase net income and are added...

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Question

Accounting

On the statement of retained earnings:

A. dividends declared increase net income and are added to calculate the end-of-year balance of retained earnings.

B. dividends declared are not reported on the retained earnings statement.

C. dividends declared are subtracted to calculate the end-of-year balance of retained earnings

D. dividends declared are not used to calculate the end-of-year balance of retained earnings.

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