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The Entry to Record the Payment of a Previously Declared

Question 90

Multiple Choice

The entry to record the payment of a previously declared dividend of $0.25 per share on 18,500 shares of common stock includes a ________.

A) debit to Cash Dividends for $4625
B) debit to Cash $4625
C) credit to Cash Dividends for $4625
D) debit to Dividends Payable for $4625

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