Which of the Following Entries Records the Payment of Dividends

question 152

Multiple Choice

Which of the following entries records the payment of dividends?

• A) debit Common Stock; credit Cash
• B) debit Dividends; credit Cash
• C) debit Salaries Expense; credit Cash
• D) debit Salaries Expense; credit Salaries Payable

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Definitions:

Remove Page Break

The action or command in document editing software to eliminate a break that splits a page into separate sections.

Hide

To make an object, text, or element invisible or not readily apparent in a certain context, often to declutter the view or protect sensitive information.

Freeze Top Row

Freeze Top Row is a feature in spreadsheet applications that keeps the top row visible as the user scrolls down through the document, facilitating reference to headings or labels.

Protected Workbook

A workbook whose contents are safeguarded by security measures to prevent unauthorized access or edits in software like Excel.