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

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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divyamadaan8054 divyamadaan8054 · Answer 2 · 2022-01-20T13:31:10+01:00

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.

Definition of Dividend Account

In accounting, dividends often refers to the cash dividends that a corporation pays to its stockholders (or shareholders).

Dividends are often paid quarterly, but could be paid at other times. For a dividend to be paid, the corporation's board of directors must formally approve/declare the dividend.

Therefore, Correct option is D.

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