On December 7, Foster, Inc. paid a cash dividend of $1,700. The journal entry to record this transaction would include:
A. a debit to Common Stock and a credit to Cash
B. A debit to Wages Expense and a credit to Dividends
C. A debit to Dividends and a credit to Cash
D. A debit to Cash and a credit to Dividends
Ans: C. A debit to Dividends and a credit to Cash
Business
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What are the different types of depreciation? What are the advantages and disadvantages of each?
What will be an ideal response?
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