Multiple Choice
Which of the following would be included in the entry to record the payment of a previously declared dividend of $0.25 per share on 12,500 shares of common stock?
A) Retained Earnings would be debited for $3,125.
B) Cash would be debited for $3,125.
C) Retained Earnings would be credited for $3,125.
D) Dividends Payable would be debited for $3,125.
Correct Answer:
Verified
Correct Answer:
Verified
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