Following Is the Shareholders' Equity Section of the Balance Sheet

question 39

Multiple Choice

Following is the shareholders' equity section of the balance sheet of the Optimum Corporation: Share capital:
Common shares,100,000 shares authorized,
The common shares are currently selling for $15.50 per share.
The entry to record the declaration of a $0.75 per share cash dividend includes:

• A) debit to Dividends Payable for $48,750
• B) credit to Common shares for $48,750
• C) debit to Retained Earnings for $48,750
• D) debit to Retained Earnings for $75,000

---

Definitions:

Intellectual Performance

Intellectual performance encompasses cognitive processes such as thinking, reasoning, problem-solving, and memory, reflecting an individual’s capability to learn, make decisions, and adapt to new situations.

Base-10 Number System

The decimal system of numeration based on the use of ten as a base, utilizing digits 0 through 9.

Irregular Number Words

Terms that do not follow the standard pattern or sequence in the linguistic expression of numbers.

Preschool Participation

Involvement of children, typically aged 3 to 5 years, in early childhood education programs that prepare them for formal schooling.