When the Board Declares Dividends,the Correct Journal Will Be

question 10

Multiple Choice

When the board declares dividends,the correct journal will be

• A)Dividends Expense Dividends Payable
• B)Dividend Declared Cash
• C)Dividends Declared Dividends Payable
• D)Dividends Receivable Dividends Revenue

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Definitions:

Trust and Rely

The expectation and confidence in someone’s or something’s ability, truth, or reliability.

Move Forward Together

A collaborative approach where a group or team works collectively towards common goals or objectives, emphasizing unity and progress.

Measurable Objectives

Specific, quantifiable, achievable targets set during the planning phase to assess progress towards a goal.

5P Checklist

A framework or tool used in project management focusing on Product, People, Process, Project, and Purpose to ensure comprehensive planning.