The Journal Entry on the Date of Record Is

question 135

Multiple Choice

The journal entry on the date of record is:

• A)to debit retained earnings and credit dividends payable.
• B)to debit dividends payable and credit cash.
• C)non-existent. No journal entry is required on the date of record.
• D)to credit dividends and credit cash.

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Definitions:

Large Group

A sizable collection of individuals or entities that share a common characteristic or are engaged in a common activity.

Smaller Group

A subset of a larger population or collection, typically characterized by fewer members or lesser size.

Parity Ratio

A metric often used in agriculture and economics to compare the relative value of one commodity or currency to another, based on a standard or base period.

Farmers

Individuals or entities engaged in the activity of agriculture, aiming at producing food and other crops.