The Journal Entry on the Date of Record Is

question 135

Multiple Choice

The journal entry on the date of record is:

• A)to debit retained earnings and credit dividends payable.
• B)to debit dividends payable and credit cash.
• C)non-existent. No journal entry is required on the date of record.
• D)to credit dividends and credit cash.

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Definitions:

Human Nature

The inherent characteristics and behaviors that every human being shares.

Virtue

A quality considered morally good or desirable in a person.

Kohlberg Construct

A theoretical framework concerning the stages of moral development formulated by psychologist Lawrence Kohlberg.

Personal Ethics

The principles that an individual considers in distinguishing right from wrong and in making decisions based on these principles.