Multiple Choice
Which of the following would be included in the entry to record the payment of a previously declared dividend of $0.25 per share on 12 500 ordinary shares?
A) Dividends payable would be debited for $3 125.
B) Retained earnings would be debited for $3 125.
C) Cash would be debited for $3 125.
D) Dividends payable would be credited for $3 125.
Correct Answer:
Verified
Correct Answer:
Verified
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