MTM Company declared a $125,000 cash dividend on December 1, 2007 to be paid on...
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Accounting
MTM Company declared a $125,000 cash dividend on December 1, 2007 to be paid on January 1, 2008. The entry on December 1, 2007 for this event would include a debit to:
a.retained earnings.
b.dividend expense.
c.common stock.
d.additional paid in capital.
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