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With Regards to the Dividends Payable and Dividends Accounts,one of the Closing

Question 267

Multiple Choice

With regards to the Dividends Payable and Dividends accounts,one of the closing entries required at year end,includes a:

A) credit to Retained Earnings.
B) credit to Dividends Payable.
C) debit to Retained Earnings.
D) debit to Dividends Payable.

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