Malcolm Corporation Declared a Dividend of $5 Per Share on 2,200

question 14

Multiple Choice

Malcolm Corporation declared a dividend of $5 per share on 2,200 shares. The entry to record the transaction would be to:

• A) debit Retained Earnings $11,000; credit Dividends Payable $11,000.
• B) debit Retained Earnings $11,000; credit Cash $11,000.
• C) debit Dividends Payable $11,000; credit Cash $11,000.
• D) debit Dividends Expense $11,000; credit Cash $11,000.

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Definitions:

Vygotsky's Theory

A theory of cognitive development that emphasizes the role of social interaction and culture in the development of higher mental functions.

Critical Period

Time when a particular development must occur. If it does not, as when something toxic prevents that growth, then it cannot develop later.

Early Childhood

A developmental period from birth to approximately eight years of age, characterized by rapid physical, cognitive, and emotional growth.

Learn Languages

The process through which individuals acquire the ability to comprehend and communicate in languages other than their native language.