A company's board of directors votes to declare a cash dividend of $1.00 per share on its 12,000 common shares outstanding. The journal entry to record the payment of the cash dividend is:
A. Debit Dividend Expense $12,000; credit Cash $12,000.
B. Debit Common Dividend Payable $12,000; credit Cash $12,000.
C. Debit Dividend Expense $12,000; credit Common Dividend Payable $12,000.
D. Debit Retained Earnings $12,000; credit Common Dividend Payable $12,000.
E. Debit Common Dividend Payable $12,000; credit Retained Earnings $12,000.
Answer: B
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How does the GLOBE research inform leaders and followers about the different ways in which the various cultural clusters view leadership?
A. the studies identified the four main leadership behaviors in each cluster B. the studies identified the relative importance of the six behaviors in each cluster C. the studies compared/contrasted cluster behaviors by similar geographic location D. the studies compared transformational leader behaviors to the six global leadership behaviors
Foote Company was granted a purchase discount of $200 on merchandise the company had purchased a few days ago. Foote uses the perpetual inventory system. Which of the following reflects the effects of this event on the financial statements? Asset=Liab.+Stk.EquityRev.-Exp.=Net Inc.Stmt ofCash FlowsA.NA (200) 200200 NA NA200 OAB.NA (200) 200200 NA 200NAC.(200) (200) NANA NA NA(200) OAD.(200) (200) NANA NA NANA
A. Option A B. Option B C. Option C D. Option D
What provides control and visibility to the status of individual items maintained in inventory?
A. Inventory management and control software. B. Global inventory management system. C. Transportation planning system. D. Distribution management software.
In some instances, budget figures have to be adjusted to assure the use of comparable data
Indicate whether the statement is true or false.