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:

Negative Artist

A term not widely recognized or defined in mainstream discourse, potentially referring to an artist who explores themes of negativity or pessimism. NO.

Stage III

A term that can reference various levels or phases in processes or models, depending on the specific context it is used in. NO.

Norms

Accepted standards of behavior within a group or society.

Building Community

The process of creating and nurturing a sense of belonging and interconnectedness among individuals within a group or society.