The Closing Entry Made for Dividends Would Include

question 82

Multiple Choice

The closing entry made for dividends would include:

• A) a debit to net income and a credit to Dividends
• B) a debit to Dividends and a credit to Retained Earnings
• C) a debit to Dividends and a credit to net income
• D) a debit to Retained Earnings and a credit to Dividends

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Definitions:

Generalized

A term often used in medical or psychological contexts to describe conditions, symptoms, or effects that are widespread or not limited to a specific body part or area of concern.

Real-life Phenomena

Events, situations, or experiences that occur in the natural world, as opposed to those created or simulated in controlled environments.

Epidemiology

Study of the frequency and distribution of a disorder, or a group of disorders, in a population.

Frequency

The rate at which something occurs or is repeated over a particular period of time or in a given sample.