Which of the Following Correctly Describes the Recording of a Dividend

question 89

Multiple Choice

Which of the following correctly describes the recording of a dividend declaration by a company's board of directors?

• A)A debit to retained earnings and a credit to cash.
• B)A debit to contributed capital and a credit to dividends payable.
• C)A debit to cash and a credit to retained earnings.
• D)A debit to retained earnings and a credit to dividends payable.

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Definitions:

Level Of Prevention

Strategies or interventions implemented at different stages to prevent disease, manage its progression, or reduce its impact.

Respiratory System

The biological system consisting of specific organs and structures used for gas exchange in animals and humans.

Mesothelioma

A type of cancer that develops from the thin layer of tissue covering many of the internal organs, known as the mesothelium, often linked to asbestos exposure.

Asbestos

A group of six naturally occurring fibrous minerals that are resistant to heat, fire, and chemicals, historically used in construction materials but hazardous to lung health.