Asked by
Patrisha Ivy Balagso
on Nov 14, 2024Verified
Which of the following is the appropriate general journal entry to record the declaration of cash dividends?
A) Dividends Declared Cash
B) Dividends Payable Cash
C) Share Capital Dividends Payable
D) Dividends Declared Dividends Payable
Dividends Declared
An announcement by a company's board of directors of a dividend payment to shareholders, indicating the amount and payment date.
Dividends Payable
A liability on the balance sheet representing the amount of dividends that a company owes to its shareholders but has not yet paid.
- Get acquainted with the basis and outcomes of dividend declarations and remittances.
Verified Answer
JG
Learning Objectives
- Get acquainted with the basis and outcomes of dividend declarations and remittances.