The Entry to Close the Dividends Account Would Include a Debit

question 6

Multiple Choice

The entry to close the Dividends account would include a debit to:

• A)Dividends and a credit to Net Income.
• B)Dividends and a credit to Retained Earnings.
• C)Retained Earnings and a credit to Dividends.
• D)Net Income and a credit to Dividends.

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Definitions:

Reuse Code

The practice of using existing software components or code snippets in new or different projects to save time and effort.

Software Productivity

A measure of the efficiency of a software development process, often evaluated by the quantity and quality of software produced within a given timeframe.

Data Type

A category that distinguishes the different varieties of data, like integer, floating-point, or string, defining the potential values for that category, the operations applicable to it, and the method of its storage.

Operations

Basic actions that can be performed on data, including mathematical and logical operations.