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The declaration of a $5,000 dividend by JLH Company would be reported on which of JLH's financial statements?
Posted: Sat Aug 07, 2021 7:09 am
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.