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:

Displaying Ethical Behavior

The practice of consistently demonstrating honesty, integrity, fairness, and respect in one's decisions and actions.

High-Mach Individuals

People with a high Machiavellianism trait, who tend to be manipulative, deceitful, and pragmatic in their strategies to achieve power and control.

Low-Mach Individuals

People characterized by lower levels of Machiavellianism, displaying sincerity, lower manipulation tendencies, and a more ethical stance in interpersonal relations.

Goal-directed Behavior

actions that are performed with a specific objective or goal in mind, showing purpose and direction.