Which Accounts Are Affected When a Dividend Elimination Entry Occurs

question 9

Multiple Choice

Which accounts are affected when a dividend elimination entry occurs?

• A) Dividend revenue and dividend paid
• B) Cash and dividend revenue
• C) Dividend revenue and dividend declared
• D) Dividend declared and cash

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Definitions:

Vicinal

describes atoms or functional groups located on adjacent carbon atoms within a molecule.

Aryl

A functional group or substituent derived from an aromatic ring, such as phenyl or naphthyl.

Major Organic Product

In a chemical reaction, the organic product that is formed in the greatest amount, typically favored by the reaction conditions or kinetics.

Iodomethane

An organoiodine compound with the chemical formula CH3I, used in various chemical reactions.