s://edugen.wileyplus.com/edugen/student/mainfr.uni : Cengage Mathway 9 Chegg EB

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s://edugen.wileyplus.com/edugen/student/mainfr.uni : Cengage Mathway 9 Chegg EB MyCSUEB a Amazon.com: Online ·Potential-Acorns US Weygandt, Financial and Managerial, 3e Assignment Gradebook ORION Downloadable eTextbook &Practice ssignment t Time: 11:47 AM / Remalning: 25 min. Multiple Choice Question 65 XIncorrect. When a company distributes dividends the retained earnings account will be directly increased with a debit it does not have to be cash, it could be another asset. the dividends account will be increased with a credit. the dividends account will be decreased with a debit. Click if you would like to Show Work for this question: Open Show Work l Privesy Policy 1 C 2000-2018 1ohn Wiley & Sons, Inc. All Rights Reserved. A Division of lohn Wiley & So com/edugen/shared/assignment/test/aglist.uni?id: asnmt2 300491 # N 1 00FE re to search

Explanation / Answer

(D) the dividend account will be decreased with a debit.

Because dividend is not the income for the company. it is the distribution of earning to shareholder. so it will be debited and decreased.

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