The Board of Directors of Blount Corporation Declared a Cash

Multiple Choice

The board of directors of Blount Corporation declared a cash dividend of $5.00 per share on 57,000 shares of common stock on April 14,2013.The dividend is to be paid on May 15,2013,to shareholders of record on May 1,2013.The proper entry to be recorded on April 14,2013,will be:

A) Dividends 285,000
Dividends Payable 285,000
B) Dividends payable 285,000
Cash 285,000
C) Dividends 285,000
Retained Earnings 285,000
D) Dividends payable 285,000
Dividends 285,000