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.

Grasp the concept of sampling distributions and how they are used to estimate population parameters.

Understand the role and calculation of the standard error in statistical analysis.

Apply the continuity correction factor in approximating binomial probabilities with the normal distribution.

Identify conditions under which the normal distribution can be used as an approximation for the binomial distribution.

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Definitions:

Ethics Of Decision

The component of decision making concerned with the moral principles and values that govern the decision maker's behavior.

Competitor Loses

Situations where a business's rivals face setbacks or declines, potentially offering advantages to others in the market.

Ethics Training

Educational programs or workshops aimed at imparting ethical principles and standards of conduct to individuals, enhancing their ability to make morally sound decisions.