Acme Owns 4,000 Shares of XYZ

question 118

Multiple Choice

Acme owns 4,000 shares of XYZ.XYZ has 50,000 total shares of stock outstanding.XYZ paid $0.82 per share in cash dividends to its stockholders.Acme should record a:

• A)Debit to Dividends for $41,000.
• B)Debit to Dividends for $3,280.
• C)Debit to Cash for $3,280.
• D)Debit to Long-Term Investments for $3,280.
• E)Credit to Long-Term Investments for $3,280.

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Definitions:

Environmental Changes

Alterations or modifications to the natural environment, often resulting from human activities or climatic variations, that can have impact on living organisms.

Benzodiazepines

A class of drugs primarily used for treating anxiety, but also used in the treatment of seizures, insomnia, and alcohol withdrawal, known for their sedative effects.

Nonbenzodiazepines

A class of psychoactive drugs that act similarly to benzodiazepines on the central nervous system but tend to have fewer side effects, used primarily as sleep aids.

Daytime Sleepiness

A condition characterized by an increased tendency to fall asleep during the day, often related to inadequate or disturbed nighttime sleep.