Kader CoPaid a Total of $35,000 in Dividends During the Current

question 55

Multiple Choice

Kader Co.paid a total of $35,000 in dividends during the current year.The entry needed to close the dividends account is:

• A)Debit Income Summary and credit Cash for $35,000
• B)Debit Dividends and credit Cash for $35,000
• C)Debit Income Summary and credit Dividends for $35,000
• D)Debit Retained Earnings and credit Dividends for $35,000
• E)Debit Dividends and credit Retained earnings for $35,000

---

Definitions:

Crisis Situation

An emergency condition that poses a significant threat or requires immediate attention and action.

Structured Problems

Issues that are easily defined and have a clear, standardized solution procedure.

Systematic Decisions

Choices made based on a process that involves examining all available data, considering alternatives, and selecting the most suitable option in an organized manner.

Administrative Decisions

Choices and judgments made in the context of running an organization, often related to policies, procedures, and the allocation of resources.