On June 1, 2014, the Board of Directors Declared a $100,000

question 147

Multiple Choice

On June 1, 2014, the board of directors declared a $100,000 cash dividend to be distributed to common stockholders of record on June 15, 2014. The dividend will be paid on July 1, 2014. The required journal entry on June 1 includes a

• A)$100,000 debit to retained earnings.
• B)$100,000 debit to dividends payable.
• C)$100,000 credit to cash.
• D)$100,000 credit to common stock.

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Definitions:

Insomnia

A sleep disorder characterized by difficulty falling asleep, staying asleep, or both, leading to insufficient rest.

Sleep Disturbance

Any condition that disrupts normal sleep patterns, including difficulties falling asleep, staying asleep, or experiencing restful sleep.

Carbohydrates

Essential nutrients found in various foods, including fruits, vegetables, and grains, that provide energy for the body's functions.

REM

Rapid Eye Movement, a phase of sleep characterized by rapid movement of the eyes, increased respiratory rate, and vivid dreams.