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please anser asap and 4 question 27 the entry to close the Dividends account at the end of an $10, 000 accounting period which has
please anser asap and 4 question
27 the entry to close the Dividends account at the end of an $10, 000 accounting period which has a balance of $10,000 is: $ 10,000 A) Dividends Cash 10,000 B) Retained Earnings Cash s 10, 000 $ 10,000 c) Dividends s 10, 000 Retained Earnings $ 10,000 D) Retained Earnings s 10,000 Dividends E) None of the above 28 It Willis Corporation has 80, 000 shazes of common stock authorized, 50,000 shares of common stock issued, and holds 2,000 shares of common stock as treasury stock, the total number of outstanding shares of willis Corporation amounts to 32,000 78,000 48,000 36,000 E) none of the above 29 Honig Corporation had the following shares of stock outstandin on December 31, 2010: Common stock, $50 par value, 100, 000 shares outstanding Preferred stock, 8 percent, $100 par value, cumulative, 10,000 shares outstanding Dividends were in arrears for 2008 and 2009. on December 31, 2010, total cash dividends of $400,000 were declared. The total amounts payable to preferred stockholders and common stockholders, respectively, are A) $200,000 and$200,000. B) $160, 000 and $240,000. c) $240,000 and $160,000. D) $80,000 and $320,000. E) none of the above Step by Step Solution
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