Cash dividend: The Cash dividend is the amount of dividend paid to shareholders in cash. The Cash dividend is declared first and paid later. There are two journal entries made, one at the time of declaration of dividend and another at the time of payment. To prepare: The journal entry to record the declaration of the cash dividend.

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Chapter 10, Problem 33CE

To determine

Concept introduction:

Cash dividend:

The Cash dividend is the amount of dividend paid to shareholders in cash. The Cash dividend is declared first and paid later. There are two journal entries made, one at the time of declaration of dividend and another at the time of payment.

To prepare:

The journal entry to record the declaration of the cash dividend.

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