When a corporation declares a cash dividend, the entry include a a. debit to net income b. credit to Additional Pain In Capital c. debit to Retained Earnings d. credit to Cash
When a corporation declares a cash dividend, the entry include a a. debit to net income b. credit to Additional Pain In Capital c. debit to Retained Earnings d. credit to Cash
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter21: Corporations: Taxes, Earnings, Distributions, And The Statement Of Retained Earnings
Section: Chapter Questions
Problem 4MC
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Question
When a corporation declares a cash dividend, the entry include a
a. debit to net income
b. credit to Additional Pain In Capital
c. debit to Retained Earnings
d. credit to Cash
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