Multiple Choice
Which of the following happens at the date of declaration?
A) Dr.Dividends expense, Cr.Dividends declared
B) Dr.Dividends declared, Cr.Cash
C) Dr.Dividends declared, Cr.Dividends payable
D) The board of directors approves the dividend but no entry is made in the accounts.
Correct Answer:
Verified
Correct Answer:
Verified
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