The Journal Entry to Record the Declaration of a Cash

question 3

Multiple Choice

The journal entry to record the declaration of a cash dividend would include a:

• A)credit to Cash
• B)debit to Dividend Expense
• C)debit to Retained Earnings
• D)debit to Dividends Payable

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Definitions:

Reference

A mention or citation of a source of information or an instance of referring to something in speech or writing.

Newspaper

A printed publication consisting of sheets of paper containing news, articles, advertisements, and other information, regularly issued.

Corrective

Intended to rectify or improve something by eliminating faults or malfunctions.

Feedback

The process of providing constructive responses to a person's actions or performance, aimed at encouraging improvement or acknowledging success.