At the Date of Declaration of a Small Ordinary Share

question 74

Multiple Choice

At the date of declaration of a small ordinary share dividend, the entry should not include

• A)a credit to Ordinary Share Dividend Payable.
• B)a credit to Share Premium-Ordinary.
• C)a debit to Retained Earnings.
• D)All of these are acceptable.

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Definitions:

Significantly Fewer

A term used to describe a noticeably smaller quantity or number of something.

Third-Party Firm

An external organization that provides services or products to another company, not directly connected to the primary business.

Outsourcing

The business practice of hiring a party outside a company to perform services or create goods that traditionally were performed in-house.