Which of the Following Entries Records the Payment of Dividends

question 152

Multiple Choice

Which of the following entries records the payment of dividends?

• A) debit Common Stock; credit Cash
• B) debit Dividends; credit Cash
• C) debit Salaries Expense; credit Cash
• D) debit Salaries Expense; credit Salaries Payable

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Definitions:

EpiPens

A brand of auto-injectable devices containing epinephrine, used to treat severe allergic reactions quickly.

Price Hike

An increase in the price of goods or services, often due to factors such as inflation, increased production costs, or supply and demand imbalances.

Allergic Reactions

Immune system responses to a foreign substance that's not typically harmful to the body, like pollen, food, or pet dander, leading to symptoms such as sneezing, itching, or more severe reactions.

Congressional Budget Office

A federal agency within the legislative branch of the United States government that provides budget and economic information to Congress.