Answered: Distributions of cash or other assets…

Distributions of cash or other assets by a business to its stockholders are called: A) Dividends. B) Expenses. C) Assets. D) Retained earnings. E) Net Income.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter27: Adjustments, Financial Statements, And Year-end Accounting For A Manufacturing business

Section: Chapter Questions

Problem 6RQ: What are the distinctive features of ToyJoys income statement? Its statement of retained earnings?...

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Question

Distributions of cash or other assets by a business to its stockholders are called:
A) Dividends.
B) Expenses.
C) Assets.
D) Retained earnings.
E) Net Income.

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