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Which of the Following Happens at the Date of Declaration

Question 70

Multiple Choice

Which of the following happens at the date of declaration of a cash dividend?


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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