On February 16,Hawthorne Co

question 234

Multiple Choice

On February 16,Hawthorne Co.declares a $1.36 dividend to be paid on April 5.There are 1,900,000 shares of common stock issued and outstanding.The entry recorded by the company on April 5 includes a debit to:

• A)A debit to Dividends Payable and a credit to Cash for $2,720,000.
• B)A debit to Dividends and a credit to Dividends Payable for $2,584,000.
• C)A debit to Dividends Payable and a credit to Cash for $2,584,000.
• D)A debit to Dividends and a credit to Dividends Payable for $2,720,000.

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Definitions:

Canada

A country in North America known for its multicultural society, expansive natural landscapes, and a parliamentary democracy.

Multiculturalism

A concept often used in different ways. It can refer to the demographic reality that we are a multicultural society made up of ethnoculturally and racially diverse groups of people. Multiculturalism can also refer to an ideology that uses ethnocultural and racial diversity and equity as its framework and a mosaic as its metaphor. It may also refer to formal policy and initiatives.

Bilingual Country

A country where two languages are officially recognized and widely used in government, education, and daily life.

Binational Country

A sovereign state that is recognized as having two distinct nationalities within its population or governance.