The Board of Directors of Irondale Corporation Declared a Cash $\begin{array}{lll}\text {Cash } & 142,500 \\\text { Dividends Payable } & & 142,500 \end{array}$

question 35

Multiple Choice

The board of directors of Irondale Corporation declared a cash dividend of $2.50 per share on 57,000 shares of common stock on June 14,2010.The dividend is to be paid on July 15,2010,to shareholders of record on July 1,2010.The proper entry to be recorded on July 15,2010,will be:

• A)
• \(\begin{array}{lll}
• \text {Cash } & 142,500 \\
• \text { Dividends Payable } & & 142,500
• \end{array}\)
• B)
• \(\begin{array}{lll}
• \text { Dividends Payable} & 142,500 \\
• \text { Cash } & & 142,500
• \end{array}\)
• C)
• \(\begin{array}{lll}
• \text {Cash } & 142,500 \\
• \text { Dividends } & & 142,500
• \end{array}\)
• D)
• \(\begin{array}{lll}
• \text {Dividends } & 142,500 \\
• \text { Cash} & & 142,500
• \end{array}\)

---

Definitions:

Structural Unemployment

A form of unemployment caused by a mismatch between the skills held by the unemployed and the skills demanded by the prevailing job market.

Natural Rate Of Unemployment

The level of unemployment consistent with a stable rate of inflation, where labor market is in equilibrium.

Unemployed Workers

Individuals who are without a job but are actively seeking employment.

Sectoral Shifts

Changes in economic activity or labor market demand across different sectors or industries over time.