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Which of the following happens at the date of record of a cash dividend? O Dr. Dividends Declared, Cr. Dividends Payable. O Dr. Dividends
Which of the following happens at the date of record of a cash dividend? O Dr. Dividends Declared, Cr. Dividends Payable. O Dr. Dividends Declared, Cr. Cash. No entry is made in the accounts, but a list of shareholders entitled to receive the dividend is prepared. O The board of directors approves the dividend but no entry is made in the accounts.
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