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Business, 27.05.2020 19:58 talanna394

During 2016, Nike Inc., reported net income of $3,760 million. The company declared dividends of $1,022 million. The closing entry for dividends would include which of the following? Group of answer choices Debit Net income for $1,022 million Debit Dividends for $1,022 million Credit Dividends for $1,022 million Credit Cash for $1,022 million Credit Retained earnings for $1,022 million

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During 2016, Nike Inc., reported net income of $3,760 million. The company declared dividends of $1,...
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