Friday, March 1, 2019

A mining company declared a liquidating dividend. The journal entry to record the declaration must include a debit to

A mining company declared a liquidating dividend. The journal entry to record the declaration must include a debit to



a. Retained Earnings.
b. a paid-in capital account.
c. Accumulated Depletion.
d. Accumulated Depreciation.


Answer: a paid-in capital account.

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