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20 May, 20:21

Which of the following statements about the Dividends account is (are) correct? (Check all that apply.) a. Dividends is used to record distributions of assets to the owners of a business. b. Dividends are increased on the left side of the T-account. c. Dividends are increased on the right side of the T-account. d. Dividends decrease equity

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  1. 20 May, 23:05
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    The correct answer is d. Dividends decrease equity

    Explanation:

    Dividends are the portion of the profit or the retained earnings that are not reinvested in the business but are distributed among the shareholders or the owners of the company.

    So when funds are allocated for the dividends from the profit after tax, this portion is lost to the company.
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Home » Business » Which of the following statements about the Dividends account is (are) correct? (Check all that apply.) a. Dividends is used to record distributions of assets to the owners of a business. b. Dividends are increased on the left side of the T-account.
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