Which of the Following Happens at the Date of Declaration

question 73

Multiple Choice

Which of the following happens at the date of declaration?

• A)Dr.Dividends expense, Cr.Dividends declared
• B)Dr.Dividends declared, Cr.Cash
• C)Dr.Dividends declared, Cr.Dividends payable
• D)The board of directors approves the dividend but no entry is made in the accounts.

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Definitions:

Mental Efficiency

The effectiveness with which an individual's brain processes information and performs cognitive tasks.

Moral Judgment

The process of determining the ethicality or morality of a certain action or decision based on personal, cultural, or societal standards.

Group Solidarity

Group Solidarity is the sense of unity, support, and loyalty members of a group feel towards each other, often leading to stronger group cohesion.

Groupthink

A psychological phenomenon where a group prioritizes harmony and conformity over critical analysis, often leading to flawed decision-making.