Business, 12.08.2020 06:01 richie3922
Kate decides to issue cash dividends on both the common stock and the preferred stock. Currently there are 50 outstanding preferred shares and 500 common shares outstanding. The dividends that Kate paid were $6 per share on the preferred shares and $2 per share on the common shares. Provide the journal entry for the payment of the cash dividends.
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Kate decides to issue cash dividends on both the common stock and the preferred stock. Currently the...
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