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The Entry to Close the Dividend Account Includes

Question 54

Multiple Choice

The entry to close the Dividend account includes:


A) a debit to Common Stock and a credit to Dividends.
B) a debit to Dividends and a credit to Retained Earnings.
C) a debit to Dividends and a credit to Common Stock.
D) a debit to Retained Earnings and a credit to Dividends.

Correct Answer:

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