The entry to record the declaration of a $1.50 per share dividend on 5,000 outstanding common shares requires a:
A) credit to Cash for $7,500
B) credit to Dividends Payable for $7,500
C) credit to Retained Earnings for $7,500
D) credit to Common Shares for $7,500
Correct Answer:
Verified
Q79: Table 13-1
The following selected list of
Q80: Table 13-11
The following accounts and related
Q81: The declaration of a dividend:
A) increases total
Q82: Dividends in arrears on cumulative preferred shares
Q83: If the preferred shares are designated as
Q85: The entry on the payment date for
Q86: A dividend is declared by the:
A) president
Q87: Cash dividends increase the assets and decrease
Q88: No dividends were declared in 2015.During 2016,the
Q89: The declaration date and the payment date
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