Question: On the statement of retained earnings: Multiple Choice dividends declared are never reported. dividends declared are subtracted to calculate the end-of-year balance of retained earnings.

On the statement of retained earnings: Multiple Choice dividends declared are never reported. dividends declared are subtracted to calculate the end-of-year balance of retained earnings. dividends declared increase net income and are added to calculate the end-of-year balance of retained earnings. dividends declared are not used to calculate the end-of-year balance of retained earnings.

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