When a dividend is declared and paid by a corporation, a debit is made to retained earnings.
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Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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A dividend is a distribution of earnings to the shareholders of a corporation Earnings are accumulated in a corporations retained earnings account so when earnings are distributed the retained earnings account is decreased Since a dividend decreases the amount a shareholder ...View the full answer
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