The Journal Entry to Record Distribution of a Cash Dividend

question 178

Short Answer

The journal entry to record distribution of a cash dividend to common shareholders includes a debit to _______________________ and a credit to __________.

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Definitions:

Work Orders

Instructions or orders for work to be performed, typically including details about the job, materials to be used, and time schedule.

Separate Office Staff

The action or policy of maintaining distinct administrative or clerical staff for different departments or functions.

Decentralization

The transfer of control and decision-making from a centralized entity to local or individual authorities.

Advantage

A condition or circumstance that puts a company or situation in a favorable or superior position compared to competitors.