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Bradley Enterprises pays a fixed percentage of its net income out to its shareholders in...

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Accounting

Bradley Enterprises pays a fixed percentage of its net income out to its shareholders in the form of annual dividends. Given this, the dividend percent on a common-size income statement will:
I. remain constant over time.
II. be equal to the dividend amount divided by the net income.
III. vary in direct relation to the net profit percent.
IV. vary if either the dividend amount or the sales amount varies.
(Which of these are true)

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