Answered step by step
Verified Expert Solution
Question
1 Approved Answer
When a company distributes dividends the dividends account will be decreased with a debit. the dividends account will be increased with a credit. the retained
When a company distributes dividends
the dividends account will be decreased with a debit.
the dividends account will be increased with a credit.
the retained earnings account will be directly increased with a debit.
it doesn't have to be cash, it could be another asset.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started