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1 year ago

The closing entry for dividends involves a debit to and a credit to . (Select all that apply.)

1 answer:

7 0

The closing entry for dividends involves a debit to <u>A. Retained Earnings</u> and a credit to <u>Dividends</u>.

<h3>What is a closing entry?</h3>

A closing entry is the journal entry at the end of the accounting period so that temporary ledger accounts (mainly income statement items) are moved to permanent accounts (balance sheet items).

<h3>Answer Options:</h3>

A. Retained Earnings; Dividends

B. Dividends; Retained Earnings

C. Dividends; Dividends Payable

D. Dividends Payable; Dividends

Thus, the closing entry for dividends is a debit to Retained Earnings, which is a permanent account, and a credit to Dividends (a temporary account).

Learn more about closing entries at brainly.com/question/13408214

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2 years ago

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2 years ago

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The answers are:

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3 years ago

Santa Klaus Toys just paid a dividend of $3.00 per share. The required return is 11.7 percent and the perpetual dividend growth

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Answer:

P5=48.3860

Explanation:

Santa Klaus Toys

The Price of the stock 5 years from today will be :

P5=D6/(r-g)=

D0*(1+g)^6/(r-g)

Where

D0 =3

g =3.9%

r=11.7%

Hence:

P5=3*(1+3.9%)^6/(11.7%-3.9%)

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2 years ago

The closing entry for dividends involves a debit to ______ and a credit to ______. (Select all that apply.)

The closing entry for dividends involves a debit to and a credit to . (Select all that apply.)