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.

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Definitions:

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