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QUESTION 41 On January 1, 2019, Declan Diaper Co. declared a $2.00 per share dividend...

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Accounting

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QUESTION 41 On January 1, 2019, Declan Diaper Co. declared a $2.00 per share dividend payable on February 1, to holders of record on January 15. Before the dividend was declared, the company had 200,000 shares of $10 par value stock outstanding On the date of declaration, the journal entry to record the dividend would include A. a credit to Retained Earnings of $ 400,000 B. a debit to Dividends Payable of $ 400,000 C. a credit to Dividends Payable of $ 400,000. D. There would be no journal entry on this date None of the above E a credit to Cash of $ 400,000 QUESTION 42 If Malcom deposits $1,000 in a bank account that pays 4% compounded quarterly, how much will he have in 6 years? A. $ 1,787.57 B. $ 1,390.12 C. $1,942.05 D. none of the listed choices OE. $ 1,269.73 QUESTION 43 When you prepare a journal entry to record a bond issued at a principal amount more that its face, your journal entry would include: A. A credit to cash B. A credit to a "bond premium" account C. A debit to a "bond discount" account D. A credit to a "bond discount" account E. A debit to a "bond premium" account

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