Elance Exams Answers PDF file

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ABC Ltd has declared an ordinary share dividend of £200,000 at 31/12/2011. Which of the following correctly explains the accounting entries for the dividend at the year end?

Expense in profit and loss account, reserve on the balance sheet
None of these
Appropriation of profit, reserve on the balance sheet.
Appropriation of profit, current liability on the balance sheet.
Expense in profit and loss account, creditor on the balance sheet.
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