On November 1,2018,Uno,Inc

question 172

Multiple Choice

On November 1,2018,Uno,Inc.declared a dividend of $4.50 per share.Uno,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.

---

Definitions:

Reciprocal Determinism

A theory which posits that a person's behavior is influenced by both their own characteristics and the environment, in a mutually influencing relationship.

Operant Conditioning

A form of behavioral conditioning that adjusts the level of a behavior through the addition of positive stimuli or negative consequences.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired: a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.

Reinforcement

In behavioral psychology, an event that strengthens or increases the likelihood of a behavior by providing a consequence an individual finds rewarding.