A Corporation Declares a Dividend of $2

question 7

Multiple Choice

A corporation declares a dividend of $2.00 per share on 11,000 shares of common stock.Which of the following is included in the entry to record the declaration?

• A)Cash Dividends is debited for $22,000.
• B)Paid-In Capital in Excess of Par-Common is credited for $22,000.
• C)Cash Dividends is credited for $22,000.
• D)Dividends Payable-Common is debited for $22,000.

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Definitions:

Systematic Desensitization

A therapy technique used to reduce fear or anxiety towards a particular object, situation, or activity through gradual exposure.

Hierarchy Of Triggers

A concept in psychology that represents a structured ranking of stimuli that elicit responses in an individual, organized by the level of impact or intensity.

Teaching Relaxation

Techniques provided in therapy to help individuals learn how to reduce stress and anxiety through physical relaxation and mental calmness.

Emotional Responses

Reactions that encompass a wide range of feelings, from happiness and excitement to sadness, anger, or fear, often in response to external stimuli.