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The closing entry made for dividends would include:

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The closing entry made for dividends would include:

The closing entry made for dividends would include:
A) a debit to Dividends and a credit to net income
B) a debit to Retained Earnings and a credit to Dividends
C) a debit to net income and a credit to Dividends
D) a debit to Dividends and a credit to Retained Earnings

Textbook

Cost Accounting: A Managerial Emphasis, Canadian Edition

Edition: 7^th

Authors: Horngren, Datar, Rajan, Beaubien

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