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A corporation declares a dividend of050 per share on18000

A corporation declares a dividend of$0.50 per share on18,000 shares of common stock. Which of the following is included in the entry to record thedeclaration?

A. Cash Dividends is debited for$9,000.

B. Paid-In Capital in Excess of Parlong dash-Common is credited for$9,000.

C. Cash Dividends is credited for$9,000.

D. Dividends Payablelong dash-Common is debited for$9,000.

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Accounting Basics: A corporation declares a dividend of050 per share on18000

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Accounting Basics: A corporation declares a dividend of050 per share on18000

Reference No:- TGS02543703

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