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

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Definitions:

Powerful

Having great power, strength, influence, or authority over others or situations.

Sentenced to Death

The legal punishment of execution administered to an individual convicted of a capital crime.

Black Person

An individual of African descent, often used in contexts related to racial identity and experiences.

White Person

An individual belonging to a racial group characterized by the light pigmentation of the skin, often associated with European descent.