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:

Empty-nest Syndrome

A feeling of grief and loneliness parents may feel when their children move out of the home, leading to an empty house.

Youngest Child

The last-born individual in a family, who may experience different parental expectations and family dynamics than their older siblings.

Rooting

The turning of an infant’s head toward a touch, such as by the mother’s nipple.

Stimuli

External or internal factors that provoke a response in the nervous system or other bodily systems.