LMN Ltd Declared an Interim Dividend on 12 February 2016

question 41

Multiple Choice

LMN Ltd declared an interim dividend on 12 February 2016 of 5 cents per share (500 000 issued shares) and paid it on 3 March 2016.
- The journal entry on 3 March 2016 would include:

• A) Dr Interim dividend declared,$25 000.
• B) Cr Cash,$25 000.
• C) Cr Interim dividend payable,$25 000.
• D) Cr Retained profits,$25 000.

Interpret the signals used to control accelerator position in Allison ECAT electronics.

Identify the primary and secondary modulation characteristics of solenoids in WT transmissions.

Understand the structural components and modules of Allison TC10 and Caterpillar CX transmissions.

Identify and explain the operational modes of Allison TC10 and Caterpillar CX transmissions under various conditions.

---

Definitions:

Corporate Form

A legal entity structure for businesses that is separate from its owners, offering limited liability and the ability to raise capital through stock.

Sole Proprietorships

A business structure where a single individual owns and operates the business, assuming all liabilities and responsibilities.

Business Organization

A structured entity formed for the purpose of conducting commercial, industrial, or professional activities, with structures ranging from sole proprietorships to corporations.

Triple Bottom Line

A framework or theory that recommends companies commit to focus on social and environmental concerns just as they do on profits, encapsulating three Ps: profit, people, and planet.