Using the Following Accounts

question 27

Multiple Choice

Using the following accounts:
Indicate the account(s) to be debited and credited to record the following transactions.
-Declared a cash dividend.
Debit ________ Credit ________

• A)Cash
• B)Dividends payable
• C)Preferred stock
• D)Common stock
• E)Common Stock dividend distributable
• F)Paid-in capital in excess of par value-common
• G)Paid-in capital in excess of par value - preferred
• H)Paid-in capital from treasury stock
• I)Retained earnings
• J)Treasury stock
• K)Paid-in capital in excess of par value-Stock dividend

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Definitions:

Societal Inequality

The existence of unequal opportunities and rewards for different social positions or statuses within a society.

Sex

An individual’s membership in one of two categories—male or female—based on biological factors.

Gender

A social construct that refers to roles, behaviors, activities, expectations, and identities that societies consider appropriate for men and women.

Educational Attainment

The highest level of education an individual has completed, often used as a measure of social progress.