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Greening Ltd is a newly established business selling computer hardware. Shown below are ledger accounts in T-account form, with entries made for the first month of operations. Which transaction represents payment for an expense item?
Declaration Of Cash Dividends
The announcement by a company's board of directors of a payment of cash dividends to shareholders.
Paid-In Capital
The total amount of money or value that shareholders have invested in a company through the purchase of its stock.
Retained Earnings
The part of a company's earnings that is reserved or saved, instead of being distributed as dividends to its shareholders.
Par Common Stock
The nominal or face value of a share of common stock, as specified in the corporate charter.
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