On November 1,2017,McEwing,Inc

question 42

Multiple Choice

On November 1,2017,McEwing,Inc.declared a dividend of $6.00 per share.McEwing,Inc.has 24,000 shares of common stock outstanding and no preferred stock.The date of record is November 15,and the payment date is November 30,2017.Which of the following is the journal entry needed on November 30,2017?

• A)Debit Cash Dividends $144,000,and credit Dividends Payable-Common $144,000.
• B)Debit Dividends Payable-Common $144,000,and credit Cash $144,000.
• C)Debit Cash $144,000,and credit Dividends Payable-Common $144,000.
• D)Debit Cash Dividends $144,000,and credit Cash $144,000.

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Definitions:

Psychology

The scientific study of the mind and behavior, encompassing various aspects of conscious and unconscious experience as well as thought and emotion.

Feminist Psychologists

Psychologists who apply feminist theories and principles to research, practice, and understanding psychological phenomena, often focusing on gender inequality and the experiences of women.

Research Methods

The strategies, techniques, and tools used by scientists to gather and analyze data in order to draw conclusions and advance knowledge.

Pseudoscience

A set of beliefs or practices mistakenly regarded as being based on scientific method.