The Board of Directors of Irondale Corporation Declared a Cash $\begin{array}{ll}\text { Cash } & 142,500 \\\text { Dividends Pavable } & &142.500\end{array}$

question 176

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)
• \(\begin{array}{ll}
• \text { Cash } & 142,500 \\
• \text { Dividends Pavable } & &142.500
• \end{array}\)
• B)
• \(\begin{array}{lll}
• \text { Dividends Payable } & 142,500 & \\
• \text { Cash } & & 142,500
• \end{array}\)
• C)
• \(\begin{array}{llr}
• \text { Cash } &142,500\\
• \text { Dividends } &&142,500\\
• \end{array}\)
• D)
• \(\begin{array}{llr}
• \text { Dividends } &142,500\\
• \text { Cash } &&142,500\\
• \end{array}\)

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Definitions:

Contingency Variables

Factors or conditions that can influence the outcome of a decision or action, suggesting that different situations require different responses or strategies.

Vroom-Jago Time-driven

A decision-making model that takes into account the importance of time in the effectiveness of certain leadership styles and decisions.

Likelihood of Support

Refers to the perceived probability or expectation that an idea, initiative, or action will receive backing and acceptance from others.

Vroom-Jago Leadership Model

A decision-making framework that helps leaders choose the right leadership style based on the situation's complexity and the importance of team involvement.