The Entry to Close the Dividend Account Includes

question 54

Multiple Choice

The entry to close the Dividend account includes:

• A)a debit to Common Stock and a credit to Dividends.
• B)a debit to Dividends and a credit to Retained Earnings.
• C)a debit to Dividends and a credit to Common Stock.
• D)a debit to Retained Earnings and a credit to Dividends.

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Definitions:

Marketing Tactics

Specific actions, techniques, or strategies used to achieve marketing goals, such as promotions, advertising campaigns, and social media engagement, tailored to target audiences.

Generic Business Strategy

A basic strategy for achieving competitive advantage that can be adopted by any firm, typically categorized into cost leadership, differentiation, and focus strategies.

Competitive Advantage

The attribute that allows an organization to outperform its rivals, gained through offering greater value to consumers or operating more efficiently.

Annual Business Plan

A yearly roadmap outlining business objectives, strategies, and actions to be undertaken to achieve the company’s goals.