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Business, 03.12.2019 19:31 donbright100

Aaron company has 80,000 shares of $10 par common stock outstanding. on may 25, aaron company declared a $1.50 cash dividend. the market price of the stock on may 25 was $17 per share. the journal entry to record the cash dividend would include
a. a debit to cash dividends for $120,000.
b. a debit to cash for $560,000.
c. a credit to paid-in capital in excess of par—common stock for $560,000.
d. all of these choices are correct.

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Aaron company has 80,000 shares of $10 par common stock outstanding. on may 25, aaron company declar...

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