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book Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby cover

Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby

Edition 4ISBN: 978-0078025372
book Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby cover

Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby

Edition 4ISBN: 978-0078025372
Exercise 16
Recording Dividends
On May 20, 2013, the board of directors for Auction.com declared a cash dividend of 50 cents per share payable to stockholders of record on June 14. The dividends will be paid on July 14-The company has 500,000 shares of stock outstanding. Prepare any necessary journal entries for each date.
Explanation
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Calculation of the amount of the dividen...

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Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby
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