On 1 November 2016,Oster Company Declared a Dividend of $3

question 46

Multiple Choice

On 1 November 2016,Oster Company declared a dividend of $3.00 per share.Oster Company has 20 000 ordinary shares outstanding and no preference shares.The date of record is 15 November,and the payment date is 30 November 2016.Which of the following statements is TRUE about the date of record?

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

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Definitions:

Showing Emotion

involves expressing feelings such as happiness, anger, or sadness through facial expressions, body language, and vocal tones.

Detecting Lies

The process of identifying instances of deception through various means, including verbal and non-verbal cues, and technological aids.

Deception

The practice of deceiving someone through the presentation of incorrect data or by hiding the facts.

Polygraph

A device, commonly referred to as a lie detector, that measures and records several physiological indicators such as blood pressure, pulse, respiration, and skin conductivity while the subject is asked and answers a series of questions.