On December 1, 2013, the Board of Directors of Dew

question 24

Multiple Choice

On December 1, 2013, the Board of directors of Dew Laurintis Company declared a €.60 per share dividend payable on January 3, 2014 to shareholders of record on December 16. The company had 500,000 shares authorized and 225,000 shares issued and outstanding. The journal entry made on December 1, 2013 will

• A) reduce assets by €135,000.
• B) reduce equity by €135,000.
• C) increase expenses by €300,000.
• D) increase liabilities by €300,000.

---

Definitions:

Production

Production involves the process of creating, manufacturing, or enhancing goods and services.

Consumer Savings

Refers to the amount of money that individuals set aside from their disposable income rather than using it for consumption.

Financial Rewards

Monetary benefits given to employees or stakeholders as an incentive or recognition for their performance or investment.

Industrial Investment

Funds allocated towards the development or expansion of industrial activities, including manufacturing and production facilities.