Which of the Following Would Be the Closing Entry for Dividends

question 18

Multiple Choice

Which of the following would be the closing entry for dividends declared?

• A)Dr.Expense summary, Cr.Dividends declared
• B)Dr.Retained earnings, Cr.Dividends declared
• C)Dr.Dividends declared, Cr.Expense summary
• D)Dr.Dividends declared, Cr.Retained earnings

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Definitions:

Non-Western Worldview

A perspective or set of cultural beliefs, values, and practices that originate outside the Western tradition, often emphasizing community, spirituality, and interconnectedness.

Time-Space Distanciation

A concept in social science that describes the process by which distant events and activities significantly influence local happenings and vice versa, facilitated by technological advancements.

Gramsci

Refers to Antonio Gramsci, an Italian Marxist theorist and politician known for his theory of cultural hegemony.

Ruling Class

A social class that holds political, economic, or social power and influence over others in a society.