ACC 304 All Assignments ACC 304 All Assignments | Page 55

c. liability dividend.
d. participating dividend.
53. 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.
54. If management wishes to "capitalize" part of the earnings, it may
issue a