The journal entry on the date of record for cash dividends is:
A) non-existent.No journal entry is required on the date of record.
B) to debit Retained Earnings and credit Dividends Payable.
C) to credit Dividends and credit Cash.
D) to debit Dividends Payable and credit Cash.
Correct Answer:
Verified
Q85: The authority to declare a dividend lies
Q87: Wininger Corporation has 1,000 shares of 6%,$50
Q88: Corrao Foods Corporation has 2,000 shares of
Q94: Corporations may choose to distribute stock dividends
Q95: The date when a cash dividend becomes
Q96: Mr.Jorgensen,a shareholder in the Best Corporation,owns 1,000
Q97: A share of 5% preferred stock has
Q98: If a company has a deficit in
Q99: If a corporation declares a $100,000 cash
Q107: A small stock dividend will:
A)reduce total assets.
B)reduce
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