In 2015, Dickens Company Had a Beginning Balance in Its

question 30

Multiple Choice

In 2015, Dickens Company had a beginning balance in its Cash Dividend Payable account of $5,000 and an ending balance of $4,000.During 2015, the only dividends Dickens declared were $46,000 in cash to the common stockholders.How much cash was paid to the common stockholders?

• A)$45,000
• B)$47,000
• C)$46,000
• D)$ 1,000

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Definitions:

Sublease

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Terminate

To bring to an end or conclude something, such as a legal contract, employment, or an ongoing process.

Statute of Frauds

A legal principle that requires certain types of contracts to be in writing to be enforceable.

Registration

The act of recording information or data in an official list or database, often required by law for specific activities, businesses, or ownership claims.