A Company Declared and Paid a Dividend of $8,000 This

question 233

Multiple Choice

A company declared and paid a dividend of $8,000 this year.The entry to close the Dividend at the end of the year will include a debit to:

• A) Dividends and a credit to Cash for $8,000.
• B) Retained Earnings and a credit to Dividends for $8,000.
• C) Dividends and a credit to Retained Earnings for $8,000.
• D) Dividends and a credit to Dividends Payable for $8,000.

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Definitions:

Poverty

A state of economic deprivation, lacking sufficient money or material possessions for a standard of living considered comfortable or normal in a society.

Perinatal Transmission

The transfer of an infectious disease or condition from a mother to her baby during the period immediately before and after birth.

Infected Blood Transfusions

The transmission of infectious diseases through the transfusion of blood or blood products that are contaminated with pathogenic microorganisms.

Paraphernalia

refers to a variety of items or equipment used for a specific activity, which can sometimes include illegal or illicit activities.