At the End of the Year a Company Declared a Final

question 1

Multiple Choice

At the end of the year a company declared a final cash dividend out of its retained earnings. Which of the following is the journal entry to record the declaration?

• A) Dr Cash; Cr Final dividend payable
• B) Dr Final dividend payable; Cr Cash
• C) Dr Share capital; Cr Final dividend payable
• D) Dr Retained earnings; Cr Final dividend payable

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Definitions:

Empirically Based Practice

Empirically based practice involves using strategies and methods that have been proven effective through empirical research and systematic observation in professional fields.

Scientific Evidence

Information, facts, or data that are systematically observed, recorded, and tested through scientific methods to establish facts or principles.

Client System

The group of people or entities that are the focus of professional intervention or service efforts.

Pincus and Minahan

Refers to Allan Pincus and Anne Minahan, who are known for their contributions to the field of social work, particularly in the development of the systems theory framework.