Multiple Choice
A corporation declares a dividend of $0.50 per share on 18,000 shares of common stock.Which of the following is included in the entry to record the declaration?
A) Cash Dividends is debited for $9000.
B) Paid-In Capital in Excess of Par-Common is credited for $9000.
C) Cash Dividends is credited for $9000.
D) Dividends Payable-Common is debited for $9000.
Correct Answer:
Verified
Correct Answer:
Verified
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