On November 1,2017,Oster,Inc

question 83

Multiple Choice

On November 1,2017,Oster,Inc.declared a dividend of $4.50 per share.Oster,Inc.has 23,000 shares of common stock outstanding and no preferred stock.Which of the following is the journal entry needed to record the declaration of the dividend?

• A)Debit Dividends Payable-Common $103,500,and credit Retained Earnings $103,500.
• B)Debit Cash Dividends $103,500,and credit Cash $103,500.
• C)Debit Cash Dividends $103,500,and credit Dividends Payable-Common $103,500.
• D)Debit Cash $103,500,and credit Dividends Payable-Common $103,500.

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Free Association Linkage

A psychoanalytic technique where clients verbalize all thoughts that come to mind without censorship or filtering, revealing unconscious thoughts and feelings.

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Psychological treatments that focus on understanding and resolving underlying unconscious conflicts, emotions, and motivations within individuals.

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Unpleasant and upsetting ideas or mental images that persistently plague the mind.

Past Experiences

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