Multiple Choice
Which of the following would be included in the entry to record the payment of a previously declared dividend of $1.75 per share on 19,500 ordinary shares?
A) Retained earnings would be credited for $34,125.
B) Cash would be debited for $34,125.
C) Dividends payable would be debited for $34,125.
D) Retained earnings would be debited for $34,125.
Correct Answer:
Verified
Correct Answer:
Verified
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