The journal entry made on the date of declaration of a cash dividend to common stockholders includes
A) a debit to Cash Dividends and a credit to Common Dividends Payable.
B) a debit to Cash Dividends and a credit to Cash.
C) a debit to Common Dividends Payable and a credit to Cash Dividends.
D) a debit to Cash and a credit to Common Dividends Payable.
Correct Answer:
Verified
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