The particle of separating business financial information from personal financial information is an example of which accounting concept? A. adequate disclosure B. consistent reporting C. objective evidence D. business entity Which of the following statements is false? A. Accounts payable is a liability account. B. Accounts payable summarizes the individual vendor accounts. C. Accounts payable has a normal debit balance. D. To increase accounts payable you credit it. Which journal entry is made when a dividend is declared? A. Dividends is debited and Dividends Payable is credited. B. Dividends is credited and Dividends Payable is debited. C. Cash is credited and Retained Earnings is debited. D. Dividends is credited and Retained Earnings is debited. A board of directors declared a dividend of exist0.25 per share: capital stock issued is 50,000 shares. What is the total dividend? A. exist200,000 B. exist2,000 C. exist12, 500 D. exist1, 250,000