Match the Terms with the Definitions

question 43

Multiple Choice

Match the terms with the definitions.
-A restriction of retained earnings by the board of directors for a specific purpose.

• A)cash dividend
• B)date of declaration
• C)date of payment
• D)date of record
• E)dividend
• F)retained earnings appropriation
• G)retained earnings statement
• H)stock dividend
• I)stock split

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Definitions:

Pay Period

The time frame over which an employee's work hours are recorded and for which they are compensated.

Employee Earnings Record

A record that keeps track of all wages, salaries, bonuses, and other forms of compensation paid to an employee.

Calendar Year

A period of one year that begins on January 1 and ends on December 31, used in most of the world as the primary timeframe for organizing a schedule of events.

W-4

A tax form used in the United States by employees to indicate their tax situation to their employer, determining the amount of taxes to be withheld from their paycheck.