Question
The entry to record the declaration of a dividend for a company that declares a $3 dividend per share on the 3,000 shares is: Retained
The entry to record the declaration of a dividend for a company that declares a $3 dividend per share on the 3,000 shares is:
| | Retained Earnings 9,000 Dividends Payable 9,000 |
| | Dividends Payable 9,000 Cash 9,000 |
| | Cash 9,000 Retained Earnings 9,000 |
| | Retained Earnings 9,000 Common Stock 9,000 |
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Public Finance
Authors: Harvey S. Rosen
3rd Edition
0256083762, 978-0256083767
