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The date of record follows the date of the declaration of a dividend. True False When Retained Earnings is debited in a journal entry, a

  1. The date of record follows the date of the declaration of a dividend.

    True

    False

  2. When Retained Earnings is debited in a journal entry, a deficit exists.

    True

    False

  3. When a statement of stockholders' equity is prepared, it replaces the statement of retained earnings. True or False

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