On the Date of Record for a Dividend,the Company

question 67

Multiple Choice

On the date of record for a dividend,the company:

• A)debits Dividends and credits Dividends Payable for the amount of the dividend.
• B)debits Dividend Expense and credits Cash for the dividend amount.
• C)debits Dividends Payable and credits Cash for the dividend amount.
• D)establishes who will receive the dividend payment.

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Definitions:

Eruptions

Violent expulsions of materials from a volcano or geothermal vent, including lava, ash, and gases.

Accretionary Prism

A prism- or wedge-shaped, structurally complex zone of faults, folds, and mostly metamorphosed rocks that form along the upper parts of a subduction zone; material derived from sediment contributed by adjacent volcanoes or a continent, along with oceanic crust scraped off the downgoing slab.

Oceanic Trench

Deep, narrow depressions in the ocean floor, often associated with subduction zones where one tectonic plate is diving beneath another.

Oceanic Crust

The part of Earth's crust that constitutes the ocean basins, thinner and denser than continental crust.