On the date of declaration, which account is debited for the amount of the declared cash dividend?

Finance

Are you having trouble answering the question “On the date of declaration, which account is debited for the amount of the declared cash dividend?”? If that’s the case, you don’t need to worry anymore. Azanswer has brought you the correct answer to your question.

On the date of declaration, which account is debited for the amount of the declared cash dividend?

A) Retained Earnings
B) Cash Dividend Expense
C) Common Stock
D) Contributed Capital

Answer: A) Retained Earnings

We hope you have got the correct answer to your question “On the date of declaration, which account is debited for the amount of the declared cash dividend?”, which was part of Accounting MCQs & Answers. Thanks for choosing us.