At the End of the Year a Company Declared a Final

question 49

Multiple Choice

At the end of the year a company declared a final cash dividend out of its retained earnings. The correct journal entry to record this declaration is:

• A) DR Cash; CR Final dividend payable
• B) DR Retained earnings; CR Final dividend payable
• C) DR Final dividend payable; CR Cash
• D) DR Share capital; CR Final dividend payable

---

Definitions:

Multivariate Regression

A statistical technique used to understand the relationship between one dependent variable and two or more independent variables.

Simple Regression

A statistical method for modeling the relationship between a single independent variable and a dependent variable by fitting a linear equation to observed data.

Multiple Regression

A statistical technique that models the relationship between a dependent variable and two or more independent variables by fitting a linear equation to observed data.