On November 1,2017,Roosevelt,Inc

question 172

Essay

On November 1,2017,Roosevelt,Inc.declared a dividend of $3.00 per share.Roosevelt,Inc.has 20,000 shares of common stock outstanding and no preferred stock.Prepare the journal entry to record this transaction.

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Definitions:

Encoding

The process of converting data into a specific format for efficient transmission or storage.

Private-Key Encryption

A type of encryption where only the two parties involved in sending the message have the code.

VoIP

Voice over Internet Protocol, a technology that allows voice to be sent over the Internet using packet-switched networks instead of traditional circuit-switched telephony systems.

Static Addressing

A way of assigning Internet protocol addresses where the address for a computer never changes and is most likely assigned manually by a network administrator or an Internet service provider.