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 __________.

---

Definitions:

Profit Maximization

The process of increasing the profits of a business by adjusting production and sales operations.

Business Ethics

Principles and standards that guide behavior in the world of business, dictating how businesses should conduct themselves.

Right Versus Wrong

A moral or ethical dilemma focusing on understanding and distinguishing between actions or decisions that are considered morally good or bad, right or unjust.

Corporate Social Responsibility

The concept that businesses should be actively concerned with the welfare of society at large, not just their own interests.