The declaration of a $5,000 dividend by JLH Company would be reported on which of JLH's financial statements?

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answerhappygod
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The declaration of a $5,000 dividend by JLH Company would be reported on which of JLH's financial statements?

Post by answerhappygod »

A) The income statement only.
B) The statement of stockholders' equity.
C) The balance sheet only.
D) The statement of cash flows.
Answer: B
Explanation: Dividends declared are reported on the statement of stockholders' equity, as a
component of retained earnings.
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