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On the payment date for a cash dividend, the company Multiple Choice debits Dividends and credits Dividends Payable for the amount of the dividend debits
On the payment date for a cash dividend, the company Multiple Choice debits Dividends and credits Dividends Payable for the amount of the dividend debits Dividend Expense and credits Cash for the dividend amount debits Dividends Payable and credits Cash for the dividend amount estoblishes who wil receive the dividend payment
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