Dividends Payable is a ______ account with a normal ______ balance and is recorded on the ______ date.

a. liability; debit; payment
b. shareholders' equity; credit; record
c. shareholders' equity; debit; declaration
d. shareholders' equity; credit; declaration
e. liability; credit; declaration

Answer: e. liability; credit; declaration

Business

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In which of the following cases is a motivation test used to establish the employee's motive?

A) An employee commits a tort to promote the principal's business, outside work premises. B) An employee commits an intentional tort against another employee at work premises. C) An employee commits an unintentional tort that helps promote the principal's business. D) An employee assaults another employee due to personal reasons.

Business

What is the intrinsic value of a call with a strike price of $40 a market price of $44? The call's ask price $540

A) -$400 B) -$140 C) $940 D) $400

Business