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:

Product/Service Element

Key features or components of a product or service that define its value proposition, including quality, features, design, and brand.

Marketing Mix

The blend of product, price, place, and promotion strategies used by a business to achieve its marketing goals.

Service Marketers

Professionals specializing in marketing services as opposed to tangible products, focusing on strategies that highlight the unique aspects of services such as intangibility, variability, inseparability, and perishability.

Properties

Assets owned by an individual or organization, including real estate, intellectual property, and physical goods.