Question 11 Not yet answered Marked out of 1.00 P Flag question A truck that cost $72,000 and on which $60,000 of accumulated depreciation has been recorded was disposed of for $18,000 cash. The entry to record this event would include a Select one: a. credit to Accumulated Depreciation for $60,000. b. gain of $6,000. C. credit to the Equipment account for $12,000. d. loss of $6,000. On December 31, 2020, Kareem, Inc. has 1,500 shares of 6% $100 par value cumulative preferred stock and 90,000 shares of $10 par value common stock outstanding. On December 31, 2020, the directors declare a $30,000 cash dividend. The entry to record the declaration of the dividend would include: a. a note in the financial statements that dividends of $3 per share are in arrears on preferred stock for 2020. b. a debit of $30,000 to Common Stock. c. a credit of $30,000 to Dividends Payable. d. a credit of $30,000 to Cash Dividends