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 May 15,2013,will be:
A) Cash 285,000
Dividends Payable 285,000
B) Dividends Payable 285,000
Cash 285,000
C) Cash 285,000
Dividends 285,000
D) Dividends 285,000
Cash 285,000
Correct Answer:
Verified
Correct Answer:
Verified
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