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:

ECU

Engine Control Unit, a type of electronic control unit that controls a series of actuators on an internal combustion engine to ensure optimal engine performance.

Master Program

A comprehensive or principal plan of study that leads to a graduate degree such as a Master's degree.

System Management

The process of overseeing and controlling the operations and performance of a system to ensure it meets certain standards or goals.

EEPROM

Electrically Erasable Programmable Read-Only Memory, a type of non-volatile memory used in computers and other devices to store small amounts of data that must be saved when power is removed.