ANSWERS: 1
  • Are you talking on the corporation's books? If so the answer is no. Dividens are paid from earnings. On the Balance Sheet: Beginning Retained Earnings 1,000 Net Income 100 Dividends Paid or Payable -10 Ending Retained Earnings 1,090 The other side to the "dividends paid" entry would be a credit to cash or dividends payable.

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