Question: On December 15, 2022, Hook Co. declared a dividend that will be paid on January 8, 2023. On December 15, 2022, Hook should: Multiple Choice

On December 15, 2022, Hook Co. declared a dividend that will be paid on January 8, 2023. On December 15, 2022, Hook should: Multiple Choice decrease retained earnings and increase dividends payable. not record a journal entry because the dividend has not yet been paid. decrease retained earnings and record dividend expense. decrease cash and decrease retained earnings

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