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:

Offender Initiation

The act or process by which an individual begins or is introduced into committing offenses or engaging in criminal activities.

Selection

The process of choosing or making a choice from a range of options or candidates, often based on criteria or preferences.

Facilitation

The process of making an action or process easier or more likely to happen, often seen in learning environments, group projects, or therapy sessions.

Vocational Identity

Refers to the degree to which individuals identify with their chosen careers or vocations, integrating this aspect into their overall sense of self.