Retained Earnings Contains a Debit of $10,000 Representing Dividends While

question 147

True/False

Retained earnings contains a debit of $10,000 representing dividends while the dividends payable account decreased $500.Cash paid for dividends during the period amounted to $10,500.

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Definitions:

Carbohydrate

Organic compounds occurring in foods and living tissues, including sugars, starch, and cellulose, serving as a major energy source.

Nucleic Acid

Macromolecules essential for all known forms of life, which include DNA and RNA, and are responsible for storing and transmitting genetic information.

Glycosidic Linkage

Covalent linkage joining two sugars; includes an oxygen atom bonded to a carbon of each sugar

Carbohydrate

Organic compounds consisting of carbon, hydrogen, and oxygen, which serve as a major energy source for the body.