Which of the Following Shows Entries Only to Control Accounts

question 1

Multiple Choice

Which of the following shows entries only to control accounts?

• A)Factory Labor
• Factory Wages Payable
• B)Work in Process
• Factory Labor
• Raw Materials Inventory
• Factory Wages Payable
• C)Work in Process
• Manufacturing Overhead
• Raw Materials Inventory
• D)Factory Labor
• Raw Materials I nventory
• Accounts Payable
• Factory Wages Pavable

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Definitions:

Retained Earnings

The portion of net income that is retained by a company rather than distributed to its shareholders as dividends.

Common Stock Dividend Distributable

A liability account on the balance sheet representing a declaration of dividends by a company's board of directors that have not yet been paid out to shareholders.

Paid-in Capital

Funds received by a company in exchange for its stock, representing the equity capital contributed by shareholders.

Dividends Payable

A liability account on a company's balance sheet representing the amount of declared dividends that are to be paid out to shareholders.