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The Entry to Close the Dividends Account Which Has a Balance

Question 203

Multiple Choice

The entry to close the Dividends account which has a balance of $10,000,at the end of an accounting period will be:


A) Dividends 10,000
Cash 10,000
B) Retained Earnings 10,000
Cash 10,000
C) Dividends 10,000
Retained Earnings 10,000
D) Retained Earnings 10,000
Dividends 10,000

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