Question
Choi Corp has 1 million outstanding common shares and on September 25, Choi Corp declares to pay $1 cash dividend to shareholders on October 25.
Choi Corp has 1 million outstanding common shares and on September 25, Choi Corp declares to pay $1 cash dividend to shareholders on October 25. Which of the following accounting is correct for September 25? *
Cash credit 1 million
Retained Earning credit 1 million
Cash debit 1million
Retained Earnings debit 1 million
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Risk Based Auditing Using ISO 19011 2018 CERM Academy Series On Enterprise Risk Management
Authors: Greg Hutchins
1st Edition
1732554501, 978-1732554504
