On the Date of Declaration

question 149

Multiple Choice

On the date of declaration:

• A)debit Dividends and credit Retained Earnings.
• B)debit Dividends Payable and credit Cash.
• C)debit Retained Earnings and credit Cash.
• D)debit Retained Earnings and credit Dividends Payable.

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Definitions:

U.S. District Court

The general trial courts of the United States federal court system where cases involving federal law are initiated.

Don't Ask, Don't Tell

A former policy of the U.S. military that allowed gay, lesbian, and bisexual persons to serve as long as they did not openly disclose their sexual orientation.

Sexual Orientation

An individual's pattern of physical, romantic, and/or emotional attraction to the same and/or opposite gender.

Clinton Administration

The executive branch of the U.S. government from 1993 to 2001 under President Bill Clinton, which focused on economic policy, healthcare reform, and foreign affairs.