On the date of payment:
A) debit Dividends and credit Retained Earnings.
B) debit Dividends Payable and credit Cash.
C) debit Cash and credit Dividends Payable.
D) debit Retained Earnings and credit Dividends Payable.
Correct Answer:
Verified
Q93: A company has 50,000 shares of $1
Q94: On the date of record:
A)debit Dividends and
Q95: Sonny's Sails has declared a $44,000 cash
Q96: Ironworks, Inc. has declared a $21,000 cash
Q97: Stonework Company's outstanding stock is 80 shares
Q99: Vintage Boutique's outstanding stock is 90 shares
Q100: Evergreen Building, Inc. has declared a $43,000
Q101: S&C, Inc. has 420,000 shares of $12-par
Q102: Elite Electrical has 380,000 shares of $4-par
Q103: If a company has 15,000 shares outstanding
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