On November 1, 2014, Oster Company Declared a Dividend of $3.00

question 58

Essay

On November 1, 2014, Oster Company declared a dividend of $3.00 per share. Oster Company has 20,000 shares of common stock outstanding and no preferred stock. The date of record is November 15, and the payment date is November 30, 2014. Please provide the journal entry needed on November 30.
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Definitions:

Semen

A fluid containing spermatozoa and secretions from the male reproductive glands, involved in the fertilization of female ova.

Secondary Sex Characteristic

Physical features that emerge during puberty and distinguish the two sexes but are not directly involved in reproduction, such as facial hair in males and breast development in females.

Primary Sex Characteristics

The biological and physiological features, such as the reproductive organs, that distinguish males and females.

Masculinity

A set of attributes, behaviors, and roles associated with boys and men as socialized in a given society.