The Entry to Record the Declaration of a Cash Dividend

question 117

Multiple Choice

The entry to record the declaration of a cash dividend includes a debit to:

• A)Cash and a credit to Dividends Payable.
• B)Retained earnings and a credit to Dividends Payable.
• C)Dividends Payable and a credit to Cash.
• D)Retained Earnings and a credit to Cash.

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Definitions:

PSPs

Post-synaptic potentials; changes in the membrane potential of the post-synaptic terminal of a neuron in response to neurotransmitters.

Sympathetic Nervous System

A part of the autonomic nervous system responsible for the body's 'fight or flight' response by increasing heart rate, blood pressure, and releasing adrenaline.

Broca's Aphasia

A neurological condition characterized by difficulties in speech production, often due to damage in the Broca's area of the brain.

MRI Scan

A medical imaging technique used in radiology to form pictures of the anatomy and the physiological processes of the body, using strong magnetic fields and radio waves.