Dividends are sometimes said to have been paid out of retained earnings. What is the error, if any, in that statement?
Dividends are sometimes said to have been paid “out of retained earnings.” What is the error, if any, in that statement?
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Related Book For 
Intermediate Accounting
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
ISBN: 978-0470423684