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:

Timing of Feedback

Refers to the point in time or situation when comments or information regarding performance or behavior are shared with an individual, influencing learning and development.

Performance Criteria

Standards or benchmarks used to assess the quality or success of performance in various activities.

Focal-Point Reviews

Performance evaluation methods focusing on key achievements and strategic targets within a specific review period.

Anniversary Model

A business or service model that focuses on celebrating milestones and anniversaries, often used in marketing strategies to engage customers by commemorating the establishment or significant achievements.