Use This Information to Answer the Following Question

question 177

Multiple Choice

Use this information to answer the following question. The Retained Earnings,Dividends,and Income Summary accounts for Dukes Corporation for the accounting period are presented below in T account form after the recording and posting of closing entries:
The amount of dividends for the period is

• A) $800.
• B) $200.
• C) $1,000.
• D) $1,200.

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Definitions:

Subsequent Actions

Activities, decisions, or measures taken following a particular event or as a continuation of a process already underway.

Projection

A psychological defense mechanism where individuals attribute their own unacceptable thoughts, feelings, or motives to another person.

Generalize

To make broad statements or conclusions based on a small amount of evidence or a limited number of examples.

Attributes

Qualities, features, or characteristics that are inherent or associated with someone or something.