Which of the Following Would Be the Closing Entry for Dividends

question 76

Multiple Choice

Which of the following would be the closing entry for dividends declared?

• A) Dr. Expense summary, Cr. Dividends declared
• B) Dr. Retained earnings, Cr. Dividends declared
• C) Dr. Dividends declared, Cr. Income summary
• D) Dr. Dividends declared, Cr. Retained earnings

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Definitions:

Confounding Variables

External factors that can influence both the dependent and independent variables, potentially biasing the results of a study.

Independent And Dependent Variables

In experimental research, the independent variable is the factor that is manipulated to see its effect on the dependent variable, which is the outcome being measured.

Ratio Level

A measurement scale that has a true zero point and equal intervals, allowing for the calculation of ratios.

Nominal Level

The simplest level of measurement, which involves categorizing or naming variables without implying any rank or order among them.