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:

ERP

Stands for Enterprise Resource Planning, which is a type of software used by organizations to manage and integrate important parts of their businesses.

X-Rays

A type of electromagnetic radiation used in medical imaging to view inside the body.

Tissue Density

The compactness of cellular structures within a given volume of tissue, which affects its texture, strength, and functionality.

High-Density Tissues

Tissues in the body that are compact and have a high degree of cells or structures in a given volume, often seen in imaging as darker or more opaque.