If the Opening Balance of Dividends Payable Is $45 000,the

question 18

Multiple Choice

If the opening balance of Dividends Payable is $45 000,the closing balance is $35 000 and dividends of $25 000 were declared for the period,how much cash was paid for dividends in that period?

• A)$25 000
• B)$35 000
• C)$45 000
• D)$70 000

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Definitions:

Uncertainty-Identity Theory

A social psychological theory suggesting that people join and identify with groups in order to reduce feelings of uncertainty about themselves and the world.

Social Identity Processes

The mechanisms through which individuals develop and maintain their social identity, including categorization, identification, and comparison with other groups.

Uncertainty

Uncertainty involves situations where the outcomes, probabilities, or implications are unclear, often leading to ambiguity and indecision.

Social Mobility Belief System

Belief that intergroup boundaries are permeable. Thus, it is possible for someone to pass from a lower-status into a higher-status group to improve social identity.