On November 1, 2018, Uno, Inc. declared a dividend of $4.50 per share. Uno, Inc. has 23,000 shares of common stock outstanding and no preferred stock. Which of the following is the journal entry needed to record the declaration of the dividend?
A) Debit Dividends Payable—Common $103,500, and credit Retained Earnings $103,500.
B) Debit Cash Dividends $103,500, and credit Cash $103,500.
C) Debit Cash Dividends $103,500, and credit Dividends Payable—Common $103,500.
D) Debit Cash $103,500, and credit Dividends Payable—Common $103,500.
C) Debit Cash Dividends $103,500, and credit Dividends Payable—Common $103,500.
You might also like to view...
Which of the following is a disadvantage of incentive compensation plans?
A. Employers are taxed heavily on their expenditure incurred through incentive plans. B. Employers are unable to increase employee productivity while following incentive plans. C. Employees know that a rise in productivity will have no impact on their compensation. D. Employees are taxed heavily on their income from incentive plans. E. Employees don't develop loyalty to their employers when incentive plans are practiced.
Which of the following examples are ways in which persons are vulnerable as consumers because they are vulnerable in some more general sense?
A. Elderly persons vulnerable to injuries and illnesses might be compelled to make consumer choices based on fear or guilt. B. An inner-city resident who is poor, uneducated, and chronically unemployed is unlikely to weigh the consequences of using drugs or alcohol. C. A person afflicted with a medical condition or disease might feel fear associated with the condition that can lead to uninformed consumer choices. D. A grieving family member might make choices for funeral services based on guilt or sorrow. E. All of the answers are correct. F. None of the answers are correct.
Which of the following terms does not mean the same as the others?
a. Book value b. Salvage value c. Scrap value d. Disposal value
In behavioral learning, a need that moves an individual to action is a(n) ________.
A. cue B. attitude C. drive D. response E. reinforcement