Which of the Following Would Be Included in the Entry

question 36

Multiple Choice

Which of the following would be included in the entry to record the payment of a previously declared dividend of $0.25 per share on 12 500 ordinary shares?

• A)Dividends payable would be debited for $3 125.
• B)Retained earnings would be debited for $3 125.
• C)Cash would be debited for $3 125.
• D)Dividends payable would be credited for $3 125.

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Definitions:

Restrictive Endorsements

Limiting conditions or instructions written on the back of negotiable instruments, like checks, controlling their use or further transfer.

Article 3

This term could refer to different documents or laws depending on context, such as a specific article in a constitution, treaty, or law code, thus requires specification for an accurate definition.

Trust

A fiduciary arrangement whereby one party, known as a trustee, holds assets for the benefit of another party or parties, known as beneficiaries.

Condition

A specific requirement within a contract that must be fulfilled for the contract to be completed or valid.