Use the Following Information for Questions

question 34

Multiple Choice

Use the following information for questions
On July 15, 2015, the board of directors of George Easton Limited declared a cash dividend of $0.50 per share on 84,000 common shares.The dividend is to be paid on August 15, 2015, to shareholders of record on July 31, 2015.
-The journal entry to be recorded on July 15, 2015, will include a

• A)debit to Dividends Payable.
• B)debit to Cash Dividends.
• C)credit to Cash.
• D)credit to Retained Earnings.

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Definitions:

Risk Mitigation Strategy

Plans and actions implemented to reduce or manage the potential negative impacts of identified risks on a project or business operation.

Predictable Demand

The level of product or service consumption that can be forecasted with a high degree of accuracy based on historical data and market analysis.

Working Capital

The amount of available capital that a company can readily use for day-to-day operations, calculated as current assets minus current liabilities.

Stockouts

Occurs when an item is not in stock and cannot be provided to the customer, leading to lost sales or customer dissatisfaction.