Question
MTM Company declared a $125,000 cash dividend on December 1, 2007 to be paid on January 1, 2008. The entry on December 1, 2007 for
MTM Company declared a $125,000 cash dividend on December 1, 2007 to be paid on January 1, 2008. The entry on December 1, 2007 for this event would include a debit to:
| a.retained earnings. | ||
| b.dividend expense. | ||
| c.common stock. | ||
| d.additional paid in capital. |
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Financial Accounting An Introduction To Concepts Methods And Uses
Authors: Clyde P. Stickney, Roman L. Weil
8th Edition
0030182689, 978-0030182686
