A Company Declared and Paid Dividends of $500

question 66

Multiple Choice

A company declared and paid dividends of $500.In transaction analysis,how does this transaction affect the accounting equation?

• A)Add $500 to Revenue account and add $500 to Cash account.
• B)Add $500 to Dividends account and add $500 to Accounts Receivable account.
• C)Subtract $500 from Retained Earnings account and subtract $500 from Cash account.
• D)Add $500 to Dividend Expense account and subtract $500 from Cash account.

---

Definitions:

Legal Thought

The body of thought concerning the analysis, interpretation, and application of laws.

Secondary Sources

Information sources that interpret, analyze, or summarize primary source materials, such as textbooks or review articles.

Administrative Agencies

These are government bodies responsible for the oversight and administration of specific regulations and policies within their jurisdiction.

Legal Scholars

Individuals who study or have specialized knowledge in law, often contributing to the development of legal theories through research and writings.