The board of directors of Capstone Inc. declared a $0.90 per share cash dividend on its $2 par common stock. On the date of declaration, there were 50,000 shares authorized, 21,000 shares issued, and 3,000 shares held as treasury stock. What is the entry when the dividends are declared?

A.	Dividends	16,200
	Dividends Payable		16,200
B.	Dividends	16,200
	Cash		16,200
C.	Dividends	45,000
	Dividends Payable		45,000
D.	Dividends	18,900
	Cash		18,900

Multiple Choice

• Option C

• Option B

• Option A

• Option D