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  3. Study Set
    Financial Accounting
  4. Exam
    Exam 3: Adjusting and Closing Entries
  5. Question
    Dividend Accounts Are Closed by Crediting Them and Debiting Retained
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Dividend Accounts Are Closed by Crediting Them and Debiting Retained

Question 28

Question 28

True/False

Dividend accounts are closed by crediting them and debiting Retained Earnings.

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