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EnglishTo record the accounting for declared dividends and retained earnings, the company must debit its retained earnings. It is because dividends, as mentioned above, are a decrease in the retained earnings of a http://portableandcool.com/article/84-carport-kits-a-guide-to-buying-your-own-portable-shelter company. Similarly, the company must also create a liability for the amount of the declared dividend. For example, if a company […]