The Closing Entry for Dividends Includes a Debit to the Dividends

question 12

True/False

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

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Definitions:

Androcentric Bias

A bias that prioritizes male perspectives and interests, often leading to the marginalization or exclusion of women and non-binary genders.

Equal Rights

The principle that all individuals are entitled to the same rights, opportunities, and protections under the law regardless of race, gender, age, or other characteristics.

Social Economic

The study of the relationship between social behavior and economic activity.

Political Rights

Rights that allow individuals to participate in the political life of their community or nation, including voting and running for office.