need answer in less than 5 mins ty

In a study session, a classmate makes this statement "Dividends are listed as expenses on the income statement." What is your best response to this statement? - I've been struggling with that concept and I feel that dividends should be shown on the balance sheet as assets. - You are right. Revenues and expenses are shown on the income statement. Dividends are a cost of generating revenues and that makes them an expense. Why else would a corporation pay dividends? - Dividends represent a portion of corporate profits paid to the shareholders. They belong on the retained earnings statement. - Dividends are deducted from retained earnings on the balance sheet