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QUESTION
Which of the following is the appropriate entry to record the declaration of cash dividends?
Which of the following is the appropriate entry to record the declaration of cash dividends?
Dividends Payable - Debit
Cash - Credit
Additional Paid-in Capital - Debit
Dividends Payable - Credit
Dividends - Debit
Dividends Payable - Credit
Retained Earnings - Debit
Cash - Credit
