Dividends: a. are an expense of doing business.
b. are a legal obligation that a company must pay annually.
c. are reported only on the statement of retained earnings.
d. are reported on the balance sheet.

d. are reported on the balance sheet.

Explanation:

Dividends are reported in several financial statements are various stages. When they are declared for instance, they are reported as liabilities in the Current Liabilities section of the Balance sheet as Dividends payable.

They will also be reported in the Statement of Retained Earnings. When they are paid, they will affect cash and so will be recorded in the Statement of Cashflows.

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