On the Declaration Date,the Company

question 219

Multiple Choice

On the declaration date,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.

---

Definitions:

Puberty

The developmental stage during which a child's body matures into an adult body capable of sexual reproduction.

Sexually Transmitted Diseases

Infections that are primarily spread through sexual contact, including viruses, bacteria, and parasites like HIV, chlamydia, and gonorrhea.

Adolescence

The phase of both physical and mental growth that typically happens between puberty and reaching the age of majority.

Pregnant

The condition of having a developing embryo or fetus within the body, as a result of the fertilization of an egg by a sperm.