Which of the Following Is the File Extension for a Personal

question 14

Multiple Choice

Which of the following is the file extension for a Personal Macro Workbook?

• A).xls
• B).xlxs
• C).xltm
• D).xlsb

Recognize the impact of stock dividends and cash dividends on company finances.

Identify key dates related to dividends and their implications for financial obligations.

Calculate the effects of stock transactions on paid-in capital and retained earnings.

Define and differentiate between authorized, issued, and outstanding shares.

---

Definitions:

Double-Entry Accounting

An accounting method that involves making two entries for every transaction, to maintain the balance of the accounting equation.

Debits and Credits

Fundamental elements of double-entry bookkeeping, where debits represent increases in assets or expenses and credits signify increases in liabilities, equity, or income.

Transaction

An agreement or exchange between two or more parties that is recorded and has a financial impact on the business.

T-Account

A graphical representation of a ledger account, showing two sides for debits and credits, used in accounting.