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TiliK225 [7]
4 years ago
12

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 declaration of the cash dividend is: Multiple Choice Debit Dividend Expense $12,000; credit Common Dividend Payable $12,000. Debit Retained Earnings $12,000; credit Common Dividend Payable $12,000. Debit Common Dividend Payable $12,000; credit Retained Earnings $12,000. Debit Common Dividend Payable $12,000; credit Cash $12,000. Debit Dividend Expense $12,000; credit Cash $12,000.
Business
1 answer:
Studentka2010 [4]4 years ago
3 0

Answer:

Debit Retained Earnings $12,000; credit Common Dividend Payable $12,000.

Explanation:

A cash dividend is the amount attributable to the common stockholders based on the company's performance. It is synonymous to their profit from common stock.

The cash dividend declared of $1.00 per share on its 12,000 common shares outstanding translated to $12,000 ($1.00 x 12,000 units). As at the time the company's board of directors voted to declare this cash dividend, an accrual has to be recorded in the books. And to achieve that, the above entries have to be recorded.

However, at the point of payment to the common stockholders, we have to <em>debit Common Dividend Payable and credit Cash.</em>

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When companies incur selling and administrative costs, those costs ________.
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Answer:

increase

Explanation:

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3 years ago
Arthur, a production manager, knows that some of his employees are upset with a new corporate policy that eliminates a tuition r
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Answer:

Arthur should choose a handful of employees according to their abilities and provide them with the training and pay raise.

Explanation:

According to my research on different managerial roles and responsibilities, I can say that based on the information provided within the question to eliminate this behavior Arthur should choose a handful of employees according to their abilities and provide them with the training and pay raise. By doing this the employees will increase productivity in order to be chosen.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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3 years ago
Because there are some positive aspects of bureaucracy, as proposed by Max Weber, Tammy, a restaurant manager, is interested in
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Answer:D) Rational, efficient, ideal organization based on principles of logic.

Explanation:Max Weber was a modern twentieth century Sociologist who proposed the Bereaucracy theory, according to Max Weber, Bereaucracy is the basis for the systematic formation of an organisation and Bereaucracy is designed to ensure efficiency and economic effectiveness is achieved. According to Max Weber, Bereaucracy is an ideal model for management and its administration to bring an organisation's power structure into focus when executing jobs or activities.

Like Max Weber, Tammy shares the same view that Bereaucracy is a Rational, efficient, ideal organization based on principles of logic.

7 0
3 years ago
State whether each situation is a prepaid expense (PE), unearned revenue (UR), accrued revenue (AR) or an accrued expense (AE).
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Answer:

1.  Accrued Revenue of $ 245

2. Accrued expenses of $ 300

3. Unearned Revenue of $ 600

4. Prepaid expenses of $ 200

5. Accrued expenses of $ 1,200

Explanation:

1. The interest on savings bond is a revenue which has been earned but not received and is thus an accrued revenue.

2. The property expenses are an accrued expenses since these have been incurred  but not paid.

3. The unearned portion of the legal fees received is an unearned revenue, since services have not been provided.

4. The unexpired portion of insurance is a prepaid expense

5. Salaried due nut not paid is an accrued expenses since services ahve been received.

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4 years ago
Andre works for a company that promotes an entrepreneurial culture. Employees are encouraged to discuss new ideas. Development t
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Answer:

Intrapreneurs

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An intrapreneur is an employee who is responsible for creating new products in an organization. An intrapreneur is an individual who converts an idea into a finished product. An intrapreneur must possess the ability to create something unique, they must be self motivated individuals who are willing to take calculated risks inorder to achieve their goals.

An intrapreneur possess entrepreneurship skills, they must be able to inspire other employees to create something new because an organization will loose it's relevance if new products are not developed.

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3 years ago
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