Which of the Following Happens at the Date of Declaration

question 11

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:

Surplus

The amount by which production, resources, or inventory exceeds the actual demand or use.

Labor

The human effort, both physical and mental, used in the production process to create goods or provide services.

Labor Unions

Organizations representing workers in various industries, advocating for better wages, working conditions, and benefits for their members.

Non-Unionized Industries

Sectors of the economy where the workforce is not part of a labor union or covered by a collective bargaining agreement.