When a Cash Dividend Is Declared

question 58

Multiple Choice

When a cash dividend is declared:

• A) the Retained Earnings account is credited
• B) the Cash account is credited
• C) the Retained Earnings account is debited
• D) the Cash account is debited

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Definitions:

Fertilization

The process of a sperm cell uniting with an egg cell, leading to the formation of a zygote and the beginning of pregnancy.

Zygote

The initial cell formed when a new organism is produced by means of sexual reproduction, following the union of male and female gametes.

Dizygotic Twins

Also known as fraternal twins, these are produced from two separate eggs fertilized by two different sperm cells.

Fertilized

The penetration of an egg by sperm, initiating the development of a new organism.