The entry to close the Dividends account which has a balance of $10,000,at the end of an accounting period will be:
A) Dividends 10,000
Cash 10,000
B) Retained Earnings 10,000
Cash 10,000
C) Dividends 10,000
Retained Earnings 10,000
D) Retained Earnings 10,000
Dividends 10,000
Correct Answer:
Verified
Q42: A stock split results in a transfer
Q76: Dividend yield equals
A) market price per share
Q77: A stock dividend will cause an increase
Q78: A disadvantage of the corporate form of
Q79: The account Common Stock Distributable is classified
Q80: A disadvantage of the corporate form of
Q82: Start-up and organization costs include all of
Q84: A good measure of confidence in a
Q85: Which of the following statements is true
Q86: Which of the following phrases is not
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents