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Which of the following statements is CORRECT?a. Accounts receivable are reported as a current liability on the balance sheet.b. Dividends paid reduce the net income that is reported on a company's income statement.c. If a company uses some of its bank deposits to buy short-term, highly liquid marketable securities, this will cause a decline in its current assets as shown on the balance sheet.d. If a company issues new long-term bonds during the current year, this will increase its reported current liabilities at the end of the year.e. If a company pays more in dividends than it generates in net income, its retained earnings as reported on the balance sheet will fall.
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