A Company Declares a Dividend of $0

question 26

Multiple Choice

A company declares a dividend of $0.75 per share on 11,000 ordinary shares.Which of the following would be included in the entry to record the declaration?

• A)Dividends payable,ordinary would be debited for $8250
• B)Ordinary share capital would be credited for $8250
• C)Retained earnings would be credited for $8250
• D)Retained earnings would be debited for $8250

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Definitions:

Louis Armstrong

An influential American jazz musician known for his trumpet playing, distinctive singing voice, and significant impact on the development of jazz music.

Life History

An in-depth account of an individual's experiences and the societal context in which they occurred, often used in qualitative research.

Historical Research

The study of past events or phenomena, using sources like documents, oral accounts, artifacts, and other archival material to understand and interpret history.