The Closing Entry Made for Dividends Would Include

question 104

Multiple Choice

The closing entry made for dividends would include:

• A) a debit to Dividends and a credit to net income
• B) a debit to Retained Earnings and a credit to Dividends
• C) a debit to net income and a credit to Dividends
• D) a debit to Dividends and a credit to Retained Earnings

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Definitions:

Somatic Symptom Disorder

Syndrome marked by health concerns that are excessive given actual physical health, that persist despite contrary evidence, and that interfere with daily functioning.

Cognitive Therapies

Psychological treatments aimed at addressing and reshaping negative thought patterns that contribute to emotional distress and mental health issues.

Maladaptive Interpretations

Patterns of thinking or interpreting information and experiences in a way that is counterproductive or harmful to one's mental health.

Conversion Disorder

A mental health condition where a person has physical symptoms (such as paralysis, blindness) without a physiological cause, believed to stem from psychological conflict.