12. Stockholders' Equity
Dividends and Dividend Preferences
Multiple Choice
Multiple ChoiceOn December 12, Year 1, ABC Company declared a cash dividend of $250,000. The date of record was December 28, Year 1. The cash dividend was paid on January 5, Year 2. During which period will the dividend be included on the Statement of Retained Earnings?
A
The full amount is included in Year 1
B
The full amount is included in Year 2
C
The dividend is split between Year 1 and Year 2
D
Dividends are not included on the Statement of Retained Earnings
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