The Shareholders' Equity Section of Winters Company Contained the Following

question 66

Multiple Choice

The shareholders' equity section of Winters Company contained the following balances as of December 31, 2017:
$\begin{array}{|l|r|}\hline \text { Preferred stock ( } 10 \%, \$ 15 \text { par value, cumulative) } & \$ 1,500 \\\hline \text { Preferred stock ( } 12 \%, \$ 10 \text { par value, noncumulative) } & 1,500 \\\hline \text { Common stock } \$ 1 \text { par value, } 5,000 \text { shares authorized, } & 3,500 \\3,500 \text { issued and } 400 \text { held in treasury) } &\\\hline \text { Additional paid-in capital: } & \\\hline \text { Preferred stock (10\%) } & 1,050 \\\hline \text { Preferred stock }(12 \%) & 1,275 \\\hline \text { Common stock } & 2,345 \\\hline \text { Retained earnings } & 4,256 \\\hline \text { Less: Treasury stock } & \underline{(5,750) } \\\hline \text { Total shareholders' equity } & \$ 9.676 \\\hline\end{array}$


On September 26, 2018, Winters issued 200 shares of its 10 percent preferred stock at $23 per share. On December 2, the company declared a cash dividend of $1,050, which was paid on December 27. Winters did not declare or pay any dividends during 2017. If Winters uses a separate dividend account for each type of stock, which of the following would be included in the journal entry to record the declaration of the 10% preferred stock dividend?

• A)a credit to 10% Preferred Cash Dividend for $600.
• B)a debit to Dividend Expense for $600.
• C)a credit to Dividends Payable for $600.
• D)a debit to Cash for $600.

Comprehend the relationship between brain function, self-efficacy, and creative expression.

Distinguish between growth and fixed mindsets and their impact on personal and entrepreneurial success.

Understand the principles of improvisation and their application in entrepreneurial settings.

Recognize the importance of mindset and self-efficacy in entrepreneurship.

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Definitions:

Heights

Measurements of distance from the bottom to the top of something or the elevated distance of a place or object above a reference point, often causing fear in some individuals.

Weather

The state of the atmosphere at a particular place and time, including temperature, humidity, wind, and precipitation conditions.

Glucose Metabolism

The process by which the body breaks down glucose to use as energy or store for future use.

Frontal Lobe

The large brain region underlying the frontal part of the skull.