LMN Ltd Declared an Interim Dividend on 12 February 2012

question 38

Multiple Choice

LMN Ltd declared an interim dividend on 12 February 2012 of 5 cents per share (500 000 issued shares) and paid it on 3 March 2012.The journal entry on 3 March 2012 would include:

• A) DR Interim dividend declared,$25 000
• B) CR Cash,$25 000
• C) CR Interim dividend payable,$25 000
• D) CR Retained profits,$25 000.

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Definitions:

Peripherally Inserted Central Catheter (PICC)

A long, flexible tube inserted into a peripheral vein, usually in the arm, and threaded towards the heart for long-term intravenous access.

Antineoplastic Medications

Drugs used in the treatment of cancer, working to stop or slow the growth of neoplastic cells.

Extravasation

The accidental leakage of intravenously (IV) infused medication or fluids into the surrounding tissue, potentially causing tissue damage.

Vesicant Medications

Drugs that can cause blistering and severe tissue injury if they escape from the vein during intravenous administration.