On November 1, 2013, Oster Company Declared a Dividend of $3.00

question 74

True/False

On November 1, 2013, 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, 2013. No journal entry is made on the date of record.

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Definitions:

Endocrine

Relating to glands which secrete hormones or other products directly into the blood, influencing various bodily functions from growth to metabolism.

Hormonal Imbalances

Discrepancies in the levels of hormones in the body, which can affect various bodily functions and states of health.

System Malfunctioning

Refers to the failure of a system to operate within its intended parameters or expectations.

Master Gland

A nickname for the pituitary gland, given because it produces hormones that regulate many important functions of other endocrine glands.