A company that decides to issue dividends would need to record the following entry: a. Dr. Cash
Question:
A company that decides to issue dividends would need to record the following entry:
a. Dr. Cash Dividends XXX, Cr. Retained Earnings
b. Dr. Cash Dividends XXX, Cr. Cash
c. Dr. Cash Dividends XXX, Cr. Common Dividends Payable XXX
d. Dr. Common Dividends Payable XXX, Cr. Cash XXX
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
c Dr Cash D...View the full answer
Answered By
Benard Ndini Mwendwa
I am a graduate from Kenya. I managed to score one of the highest levels in my BS. I have experience in academic writing since I have been working as a freelancer in most of my time. I am willing to help other students attain better grades in their academic portfolio. Thank you.
107+ Reviews
240+ Question Solved
Related Book For 
Fundamental Accounting Principles Volume II
ISBN: 978-1260305838
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
Question Posted:
