The Closing Entry for Dividends Includes a Debit to the Dividends

question 85

True/False

The closing entry for dividends includes a debit to the Dividends account and a credit to Retained Earnings.

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Definitions:

Fiddler Crabs

A type of crab known for their sexually dimorphic claws, where males possess one enlarged claw used for communication and contests during mating rituals.

Oxytocin

Posterior pituitary hormone that acts on smooth muscle of the reproductive tract and breasts.

Social Attachments

Emotional bonds between individuals, crucial for human development and contributing to the psychological health and well-being of social creatures.

Autism

A developmental disorder characterized by difficulties with social interaction and communication, and by restricted and repetitive behavior.