On November 1, 2017, Pink Rose, Inc declared a dividend of $3
00 per share. Pink Rose, Inc has 20,000 shares of common stock outstanding and no preferred stock. The date of record is November 15, and the payment date is November 30, 2017. Provide the journal entry needed on November 30.
What will be an ideal response
Dividends Payable—Common 60,000
Cash 60,000
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Generally accepted accounting principles are:
A) Accounting standards enforced by the Internal Revenue Service B) Guides to action that apply primarily to the process of financial accounting C) Guides to action that apply primarily to the process of managerial accounting D) Accounting standards that never change E) None of the above
A feature or image that makes a product different from existing products is called product differentiation
Indicate whether the statement is true or false.