Question: On the declaration date, the company: Multiple Choice debits Dividends and credits Dividends Payable for the amount of the dividend. debits Dividend Expense and credits

On the declaration date, the company: Multiple Choice debits Dividends and credits Dividends Payable for the amount of the dividend. debits Dividend Expense and credits Cash for the dividend amount. O debits Dividends Payable and credits Cesh for the dividend amount. establishes who will receive the dividend payment

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