On November 1, 2015, Oster Company Declared a Dividend of $3.00

question 38

Multiple Choice

On November 1, 2015, 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, 2015. Which of the following is the journal entry needed on November 30?

• A)Debit Retained Earnings $60,000 and credit Dividends Payable-Common $60,000.
• B)Debit Dividends Payable-Common $60,000 and credit Cash $60,000.
• C)Debit Cash $60,000 and credit Dividends Payable-Common $60,000.
• D)Debit Retained Earnings $60,000 and credit Cash $60,000.

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Definitions:

Fuel Rod

a cylinder filled with nuclear fuel, such as uranium, used in a nuclear reactor to sustain a nuclear chain reaction.

Fuel Rods

Cylindrical, sealed tubes containing fissile material used as fuel in nuclear reactors.

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In nuclear reactors, a severe accident where the nuclear fuel elements fail and release radioactive materials due to overheating.

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The presence of toxic chemicals or compounds in the air, which can harm human health, damage the environment, and cause property destruction.