A Mining Company Declared a Liquidating Dividend

question 131

Multiple Choice

A mining company declared a liquidating dividend. The journal entry to record the declaration must include a debit to

• A) Retained Earnings.
• B) Contributed Capital.
• C) Accumulated Other Comprehensive Income.
• D) Dividend Payable.

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Definitions:

Assistive Care

Support and services provided to individuals to help them perform daily tasks and activities, often due to illness, disability, or aging.

Interconnectedness

The state or quality of being connected with each other, emphasizing the mutual relationships and dependencies in systems or networks.

Concentric Circles

Multiple circles with a common center, often used as a metaphor for levels of influence or expanding impact in social and psychological contexts.

Simplicity

The quality or condition of being easy to understand or do, emphasizing clarity, and straightforwardness in design, process, or concept.