Business, 09.12.2021 19:40 gamer67respress
Acompany has 10,000 shares of common stock issued and 2,000 shares of treasury stock. The par value of the stock is $10 per share. On January 1, Year 1, the company declared a 5 percent dividend to be paid in cash on June 30, Year 1.
Required:
What journal entry should the company record on the declaration date?
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Acompany has 10,000 shares of common stock issued and 2,000 shares of treasury stock. The par value...
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