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
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Related Book For
Fundamental Accounting Principles Volume II
ISBN: 978-1260305838
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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