A Company Declared and Paid a Dividend of $8,000 This

question 136

Multiple Choice

A company declared and paid a dividend of $8,000 this year.The entry to close the dividend account at the end of the year is:

• A)Option A
• B)Option B
• C)Option C
• D)Option D

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Definitions:

Aerobic Respiration

The process by which cells convert glucose and oxygen into energy, carbon dioxide, and water.

Chemical Pathway

A series of chemical reactions occurring within a cell that lead to the production of a certain substance or a change in the cell.

Anaerobic Respiration

Anaerobic respiration is a process by which cells produce energy without the need for oxygen, through fermentation or other means.

Aerobic Respiration

The process of producing cellular energy involving oxygen.