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Which of the Following Happens at the Date of Declaration

Question 11

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.

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