On June 1, a Board of Directors Declared a $3

question 169

Multiple Choice

On June 1, a board of directors declared a $3 per share cash dividend, payable on June 30 to all common stockholders of record on June 15. The company has 10,000 shares of common stock authorized, 1,000 shares issued, and 200 shares in the treasury. The entry to record the dividend declaration increases

• A)a liability account by $2,400.
• B)an asset account by $3,000.
• C)an expense account by $2,400.
• D)a stockholders' equity account by $3,000.

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Definitions:

Political Efficacy

An individual's belief in their ability to influence political processes or their confidence in the political system to address their concerns.

Trust in Government

Trust in Government reflects the public's confidence and belief in the competency, fairness, and integrity of government operations and actions.

Trust in Government

The level of confidence the public holds in their government's ability to act competently, fairly, and in the public's interest.

Public Service

Activities and duties performed for the benefit of the public or its institutions, typically by the government.