Multiple Choice
A company declares a dividend of $0.75 per share on 11,000 ordinary shares.Which of the following would be included in the entry to record the declaration?
A) Dividends payable,ordinary would be debited for $8250
B) Ordinary share capital would be credited for $8250
C) Retained earnings would be credited for $8250
D) Retained earnings would be debited for $8250
Correct Answer:
Verified
Correct Answer:
Verified
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