The board of directors of Irondale Corporation declared a cash dividend of $2.50 per share on 57,000 shares of common stock on June 14, 2010 . The dividend is to be paid on July 15, 2010, to shareholders of record on July 1, 2010 . The proper entry to be recorded on July 15, 2010, will be:
a. Cash 142,500
Dividends Payable 142,500
b. Dividends Payable 142,500
Cash 142,500
c. Cash 142,500
Dividends 142,500
d. Dividends 142,500
Cash 142,500
B
You might also like to view...
Which of the following is NOT a desirable quality for a brand name?
A) It should suggest something about the product's benefits. B) It should be easy to pronounce and remember. C) It should almost always be a long word to get attention. D) It needs to fit legal requirements. E) It should make sense in the customer's culture.
An example of primary data is information gathered from _____
a. Bureau of Census publications b. competitors' annual reports c. company inventory reports to determine sales by geographic area d. observation by sales personnel on customer in-store behavior
Although computer and robotics technologies have affected over half of America’s jobs, the rate of hi-tech implementation in U.S. organizations has fallen far short of projections. Why?
a. Many high-tech changes haven’t delivered expected results b. Many high-tech changes are not being implemented c. Many high-tech changes are expensive for companies to afford d. Managers are unaware of many high-tech changes
The Securities and Exchange Commission (SEC) has the authority to set and enforce auditing, attestation, quality control, and ethics standards for auditors of public companies.
Answer the following statement true (T) or false (F)