Multiple Choice
On the payment date for a dividend,the company:
A) debits Dividends Declared and credits Dividends Payable for the amount of the dividend.
B) debits Dividend Expense and credits Cash for the dividend amount.
C) debits Dividends Payable and credits Cash for the dividend amount.
D) establishes who will receive the dividend payment.
Correct Answer:
Verified
Correct Answer:
Verified
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