On November 1,2017,President,Inc

question 166

Multiple Choice

On November 1,2017,President,Inc.declared a dividend of $3.00 per share.President,Inc.has 10,000 shares of common stock outstanding and 20,000 of preferred stock.The date of record is November 15,and the payment date is November 30,2017.Regarding the date of record,which of the following statements is true?

• A)No journal entry is made on the date of record.
• B)The liability must be recorded on the date of record.
• C)Cash is disbursed to shareholders on the date of record.
• D)The company transfers cash to a brokerage firm on the date of record.

---

Definitions:

Industrial-Organizational Psychologists

Psychologists who apply psychological principles and research methods to the workplace in the interest of improving productivity, health, and the quality of work life.

Cognitive Psychologists

Experts who study mental processes such as "attention, language use, memory, perception, problem-solving, creativity, and thinking."

Cognitive Psychologist

A scientist who studies mental processes such as perception, memory, problem-solving, and decision-making.

Computer Games

Electronic games played on a computer or gaming consoles, involving interaction with a user interface to generate visual feedback.