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.

Evaluate the economic and social effects of income distribution and poverty.

Understand the key functions and objectives of partners' capital statements.

Comprehend the concepts related to initial investments and asset contributions in a partnership.

Recognize the structural aspects and legal characteristics of partnerships.