Basse corporation has 7,000 shares of common stock outstanding. it declares a $1 per share cash dividend on november 1 to stockholders of record on december 1. the dividend is paid on december 31. prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend

November 1, declaration of cash dividends

Dr Retained Earnings account 7,000Cr Dividends Payable account 7,000

December 31, distribution of cash dividends

Dr Dividends Payable account 7,000Cr Cash account 7,000

Explanation:

The cash dividends will decrease the retained earnings account, since retained earnings is an equity account, when it decreases it has to be debited.

Dividends payable account is a liability account created when the company declared the dividends and it is cancelled when the company pays the dividends.

Answer (d) all of the above;

You have the right to raise a safety or health concern, or report a work-related injury or illness with your employer or osha without being retaliated against. is this statement true or false?   true.  now, in some cases an employee may feel they have been  retaliated  against and if they do, they can file a complain as that is not  allowed. if an  employer is found to  violate safety or health  concerns they can get in a lot of trouble and  potentially be shut down overtime. it is always important to address concerns and if  retaliation  happens, address those as well.