Multiple Choice
A company declares a dividend of $0.75 per share on 12 500 shares of ordinary shares. Which of the following would be included in the entry to record the declaration?
A) Retained earnings would be credited for $9 375.
B) Retained earnings would be debited for $9 375.
C) Share capital would be credited for $9 375.
D) Dividends payable would be debited for $9 375.
Correct Answer:
Verified
Correct Answer:
Verified
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