The Entry to Record the Payment of a Previously Declared

question 90

Multiple Choice

The entry to record the payment of a previously declared dividend of $0.25 per share on 18,500 shares of common stock includes a ________.

• A) debit to Cash Dividends for $4625
• B) debit to Cash $4625
• C) credit to Cash Dividends for $4625
• D) debit to Dividends Payable for $4625

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Definitions:

Inversion

A condition where something is turned inside out or upside down, or a genetic condition where a segment of a chromosome is reversed end to end.

Eversion

The movement of turning a body part outward or away from the center of the body.

Carpal

Pertaining to the bones of the wrist.

Carp

Large group of freshwater fish that are found in most parts of the world, often noted for their ability to thrive in various water conditions.