OA. Retained Earnings account is debited OB. Retained Earnings account is credited OC. Cash account is credited OD. Cash account is debited

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter13: Investments And Long-term Receivables
Section: Chapter Questions
Problem 9MC: Cash dividends declared out of current earnings were distributed to an investor. How will the...
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When a cash dividend is declared, the
O A. Retained Earnings account is debited
OB. Retained Earnings account is credited
OC. Cash account is credited
OD. Cash account is debited
Transcribed Image Text:When a cash dividend is declared, the O A. Retained Earnings account is debited OB. Retained Earnings account is credited OC. Cash account is credited OD. Cash account is debited
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