LBriscoe

it is subtracted from net income as part of calculating owner’s equity balance at the end of the year. i was a bit confused when i first read your question as i thought you meant div paid is on the income statement.
i know for sure it is subtracted when calculating ending owner’s equity (beginning balance+contributed capital+net income-dividends paid+*beginning retained earnings=ending balance), and i THINK it is deducted from the cash account on the assets side in the balance sheet