Hutter Corporation Declared a $0

question 195

Multiple Choice

Hutter Corporation declared a $0.50 per share cash dividend on its common shares.The company has 20,000 shares authorized,9,000 shares issued,and 8,000 shares of common stock outstanding.The journal entry to record the dividend declaration is:

• A)Debit Retained Earnings $4,000;credit Common Dividends Payable $4,000.
• B)Debit Common Dividends Payable $4,000;credit Cash $4,000.
• C)Debit Retained Earnings $4,500;credit Common Dividends Payable $4,500.
• D)Debit Common Dividends Payable $4,500;credit Cash $4,500.
• E)Debit Retained Earnings $10,000;credit Common Dividends Payable $10,000.

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Definitions:

Needs

Fundamental physical or psychological requirements for the well-being of humans, including basic needs such as food and shelter, as well as social and emotional needs such as belonging and esteem.

Fromm

Erich Fromm was a psychoanalyst and social psychologist known for his theories on human personality, freedom, and the need for authentic human connection.

Maslow

Refers to Abraham Maslow, a psychologist known for creating Maslow's hierarchy of needs, a theory in psychology comprising a five-tier model of human needs, from basic physiological needs to self-actualization.

Person-Centered Theory

A therapeutic approach developed by Carl Rogers emphasizing the importance of providing a supportive environment where clients can enhance their self-awareness and self-esteem.