A Corporation Declares a Dividend of $0

question 242

Multiple Choice

A corporation declares a dividend of $0.50 per share on 18,000 shares of common stock.Which of the following is included in the entry to record the declaration?

• A) Cash Dividends is debited for $9000.
• B) Paid-In Capital in Excess of Par-Common is credited for $9000.
• C) Cash Dividends is credited for $9000.
• D) Dividends Payable-Common is debited for $9000.

---

Definitions:

Sensory Register

The initial processing stage for incoming sensory information, where sensory impressions are stored momentarily.

Levels Of Processing

A concept that suggests deeper levels of analysis lead to more lasting memory retention.

Processing Model

A framework in cognitive psychology that describes how information is absorbed, processed, stored, and retrieved by the mind.

Remember Information

The process of encoding, storing, and retrieving knowledge or experiences from the memory.