Hutter Corporation Declared a $0

question 66

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 payment 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:

Reaction

A sequence where substances engage and yield new entities with unique properties.

1,4-Addition

A reaction mechanism where an electrophile adds to the 1st and 4th positions of a conjugated diene, providing a product with substituents at those positions.

Major Product

The predominant product formed in a chemical reaction, often due to its favorable kinetics or thermodynamics.

Diene

Organic compounds containing two double bonds, often involved in polymerization reactions and serving as key intermediates in organic synthesis.