Malcolm Corporation Declared a Dividend of $3 Per Share on 1,200

question 95

Multiple Choice

Malcolm Corporation declared a dividend of $3 per share on 1,200 shares.The entry to record the transaction would be to:

• A)debit Dividends Expense $3.600;credit Cash $3.600.
• B)debit Retained Earnings $3,600;credit Cash $3,600.
• C)debit Dividends Payable $3,600;credit Cash $3,600.
• D)debit Retained Earnings $3,600;credit Dividends Payable $3,600.

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Definitions:

Environmental Factors

Elements within the external surroundings that can influence the development, behavior, or survival of organisms or systems.

Psychological Disorder

A condition characterized by abnormal thoughts, feelings, or behaviors that cause distress or impairment in personal, social, or occupational functioning.

Identical Twins

Twins who develop from a single fertilized egg, sharing the same genetic material.

Polygenic

Referring to a trait that is influenced by multiple genes, often resulting in a continuous range of possible phenotypes.