On November 1, the board of directors of Castle Industries declares a cash dividend of $1 per share on its 1 million shares, payable to shareholders of record November 15, to be paid December 1. The ex-dividend date is two days before the date of record. On which of the following dates will journal entries be recorded?

A. November 1
B. November 13
C. November 15
D. December 1

A.November 1

D. December 1

Explanation:

Since in the question it is given that the on November 1, the company declared the cash dividend and for that the journal entry is to be passed and the dividend is to paid on December 1 and on this date also, the journal entry is required

Moreover, the date of record and the ex-dividend date, no journal entry is required

The journal entries are as follows

Retained earning A/c Dr

            To Dividend payable A/c

(Being cash dividend declared)

Dividend payable A/c Dr

                To Cash A/c  

(Being the payment is made for cash)

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know