On December 15,2009,the Board of Directors of Cross Corporation Declared

question 95

Multiple Choice

On December 15,2009,the board of directors of Cross Corporation declared a cash dividend,payable on January 8,2010 of $.80 per share on the 2,000,000 common shares outstanding.On December 15,2009,Cross Corporation should

• A)not prepare a journal entry because the event had no effect on the corporation's financial position until 2010.
• B)decrease retained earnings $1.6 million and increase expenses $1.6 million.
• C)decrease retained earnings $1.6 million and increase liabilities by $1.6 million.
• D)decrease cash $1.6 million and decrease retained earnings $1.6 million.

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Definitions:

Response Generalization

The process by which a behavior, once learned in response to a specific stimulus, extends to similar stimuli not directly associated with the initial learning.

Modeling

The process of learning behavior by observing and imitating others.

Fixed Ratio

A schedule of reinforcement where a response is reinforced only after a specified number of responses, often used in behavior analysis.

Variable Interval

A schedule of reinforcement where a response is rewarded after an unpredictable amount of time has passed, leading to a steady but slow rate of response.