The Journal Entry on the Date of Record Is

question 119

Multiple Choice

The journal entry on the date of record is:

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

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Definitions:

Carrier Selection

The process of choosing a logistics service provider or carrier to transport goods, considering factors like cost, reliability, and speed.

Mode Selection

The process of choosing the most appropriate method of transportation for goods based on factors like cost, time, and product characteristics.

Transportation Responsibility

The duty concerning the movement of goods including planning, implementing, and controlling the efficient, effective flow and storage of goods, services, and related information.

Routing Guide

A set of instructions and rules provided by shippers to carriers and logistics providers detailing specifications and requirements for transporting goods, ensuring efficiency and compliance.