Which of the Following Documents Is Mailed to the Vendor

question 95

Multiple Choice

Which of the following documents is mailed to the vendor (seller) of goods?

• A)Receiving report
• B)Invoice
• C)Purchase order
• D)Purchase requisition

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Definitions:

Cash Dividends

Payments made by a corporation to its shareholder members. It represents the share of earnings distributed.

Stock Dividends

A payment to shareholders in the form of additional shares of stock rather than cash.

Paid-in Capital

Funds raised by a company through the sale of its equity securities, excluding any par value of the shares.

Retained Earnings

The portion of net earnings not distributed as dividends to shareholders but retained by the company for reinvestment or debt payment.