Dividends Declared near the End of an Accounting Period Require

question 5

Multiple Choice

Dividends declared near the end of an accounting period require two accounting entries:
1) when the dividend is declared; and
2) when the dividend is paid.
The correct entry to record the declaration of a cash dividend of 10c a share calculated on 200 000 shares is:

• A) DR Dividend payable $20 000; CR Bank $20 000
• B) DR Bank $20 000; CR Share capital $20 000
• C) DR Retained earnings $20 000; CR Dividend payable $20 000
• D) DR Dividend payable $20 000; CR Retained earnings $20 000

Allocate appropriate project time for each phase of the business communication process.

Identify specific and general purposes in business communication campaigns and messages.

Recognize how cultural and language differences affect business communications and the importance of tailoring messages accordingly.

Acknowledge the significance of detailed project planning to avoid misunderstandings and ensure clear communication.

---

Definitions:

Narcissism

A personality characteristic involving excessive self-love, lack of empathy for others, and a need for admiration.

Extraversion

A personality trait characterized by outgoingness, high energy, and positive emotions towards social situations.

Collectivist Culture

A cultural orientation emphasizing the needs and goals of the group over individual desires or ambitions.

Personal Humility

A character trait that involves a modest view of one's own importance and a focus on the larger needs and concerns of others.