A company declared a $0.50 per share cash dividend. The company has 20,000 shares authorized, 15,000 shares issued, and 12,000 shares of common stock outstanding. The journal entry to record the dividend declaration is.

Explanation:

The journal entry to record the declaration of the dividend is shown below:

Retained earnings A/c Dr $6,000

              To Common Dividend payable A/c $6,000

(Being the dividend is declared)

The computation of the dividend amount is shown below:

= Number of outstanding common stock shares × dividend declared per share

= 12,000 shares × $0.50

= $6,000

SOAP format stands for Subjective, Objective, Assessment, and Plan. This is important in assessing patients, especially those who came in for a follow-up, for their (1) subjective complaint or the short history of the patient; (2) objective findings which is the physical examination of the health practitioner; (3) assessment or the initial impression of the patient's diagnosis; and (4) the plan for management whether diagnostic, therapeutic, or both.