On the date of declaration, which account is debited for the amount of the declared cash dividend?
A) Retained Earnings
B) Cash Dividend Expense
C) Common Stock
D) Contributed Capital
Answer: A) Retained Earnings
On the date of declaration, which account is debited for the amount of the declared cash dividend?
A) Retained Earnings
B) Cash Dividend Expense
C) Common Stock
D) Contributed Capital
Answer: A) Retained Earnings
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.