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    Fundamental Accounting Principles Study Set 5
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    Exam 13: Accounting for Corporations
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    The Journal Entry to Record the Declaration of Dividends on Ordinary
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The Journal Entry to Record the Declaration of Dividends on Ordinary

Question 103

Question 103

True/False

The journal entry to record the declaration of dividends on ordinary shares includes a debit to Retained Earnings and a credit to Ordinary Dividend Payable.

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