Multiple Choice
A company declared and paid dividends of $1,300.How does this transaction affect the accounting equation?
A) Add $1,300 to Revenue and add $1,300 to Cash.
B) Add $1,300 to Dividends and add $1,300 to Accounts Receivable.
C) Subtract $1,300 from Retained Earnings and subtract $1,300 from Cash.
D) Add $1,300 to Dividend Expense and subtract $1,300 from Cash.
Correct Answer:

Verified
Correct Answer:
Verified
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