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Dividends paid to shareholders are deducted from retained earnings rather than expensed. They reduce the equity balance. Accounting entries debit retained earnings and credit dividends payable. Upon payment, dividends payable is deducted from the bank account along with any applicable withholding taxes. Dividends are recognized as a liability when properly authorized. Presentation and disclosure requirements for dividends are specified in IAS 1 and IAS 7.

Author

Amit Shah

Language

EN