3 Question 29 (10 points) The Board of Directors of Devious Corp declares a cash dividend of $1.17 per common share on 15 October for all shareholders of record as of 31 October. The dividend payment date is 12 November. 700,000 shares are outstanding. The declaration would be recorded as a) Debit Common Dividend Payable and Credit Retained Earnings 9 Ob) Debit Retained Earnings and Credit Common Dividend Payable Oc) Debit Cash and Credit Retained Earnings d) Debit Retained Earnings and Credit Cash 13 5 16 Question 30 (10 points) If a five-year bond is trading at a premium, then the carrying value of the bond at the maturity date will be greater than the par value. a) True (b) False