ACC 400 Course Great Wisdom / tutorialrank.com ACC 400 Course Great Wisdom / tutorialrank.com | Page 14

c.

in order to increase trading of the company’s

stock.

d.
to have additional shares available to use in
acquisitions of other companies.

16.
Which of the following is the appropriate general journal entry
to record the declaration of cash dividends?

a.

Retained Earnings

Cash

b.

Dividends Payable

Cash

c.

Paid-in Capital

Dividends Payable