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Which of the following is the appropriate general journal entry to record the declaration of a cash dividends? Retained earnings Cash Cash Dividends payable Cash

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Which of the following is the appropriate general journal entry to record the declaration of a cash dividends? Retained earnings Cash Cash Dividends payable Cash Paid-in capital Cash Dividends payable Cash Dividends Cash Dividends Payable Which of the following is not a prerequisite to paying a cash dividend? formal action by the board of directors market value in excess of par value per share sufficient cash sufficient retained earnings

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