Multiple Choice
Denzel Jones is the major stockholder of Crystal Cleaning Company. Recently, Denzel received $10,000 of dividends from Crystal Cleaning. After receiving the dividends, he contributed $6,000, in his name, to Habitat for Humanity. The contribution of $6,000 should be recorded on the accounting records of which of the following entities?
A) Crystal Cleaning and Habitat for Humanity
B) Denzel Jones' personal records and Habitat for Humanity
C) Denzel Jones' personal records and Crystal Cleaning
D) Denzel Jones' personal records, Crystal Cleaning, and Habitat for Humanity
Correct Answer:
Verified
Correct Answer:
Verified
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