The Board of Directors of Benson Company Declared a Cash

question 112

Multiple Choice

The board of directors of Benson Company declared a cash dividend of $1.50 per share on 42000 shares of common stock on July 15 2021.The dividend is to be paid on August 15 2021 to stockholders of record on July 31 2021.The correct recording on August 15 2021 will include a(n)

• A)increase to Cash Dividends.
• B)decrease to Cash Dividends.
• C)increase to Dividends Payable.
• D)decrease to Dividends Payable.

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Definitions:

Cranial Nerve VIII

The vestibulocochlear nerve, responsible for hearing and balance.

Hearing

The faculty of perceiving sounds, which occurs when sound waves are converted into electrical signals and interpreted by the brain.

Middle Ear

The section of the ear between the eardrum and the oval window, containing the three auditory ossicles that transmit sound.

Vibrations

Oscillations that occur in various physical entities, which can be felt or heard as waves through mediums like air or water.