The Entry to Record the Declaration of a Cash Dividend

question 1

Multiple Choice

The entry to record the declaration of a cash dividend consists of a debit to

• A) Dividend Expense and a credit to Cash.
• B) Retained Earnings and a credit to Common Stock Dividend Distributable.
• C) Dividends Payable and a credit to Retained Earnings.
• D) Retained Earnings and a credit to Dividends Payable.

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Definitions:

Action Planning And Follow-Up

The process of defining business strategies and steps, and ensuring their implementation and effectiveness are monitored.

Reality Check

An assessment to determine if one's perceptions or beliefs align with the actual situation.

Self-Assessment

The process through which an individual evaluates their own skills, qualities, and performance, often in a professional or educational context.

Glass Ceiling

An invisible barrier that prevents certain individuals or groups, often women and minorities, from advancing beyond a certain level in a hierarchy due to biases.