Concord company pays cash dividends of $670. the entry for this transaction will include a debit of $670 to
a. owner's salaries expense
b. salaries and wages expense
c. dividends
d. retained earnings

c. Dividends

Explanation:

Whenever, dividends are recorded as a liability then that amount is charged against retained earnings, but the final entry for payment of dividend =

Dividend A/c Dr.         $670

To Cash A/c.                           $670

Also at the time of recording as an expense, entry will be

Retained Earnings A/c Dr.       $670

                  To Dividend A/c                $670

Since retained earning balance will be reduced and finally cash balance will also be reduced.

Therefore, entry for payment will include debit to

c. Dividends

answerpublic goods;