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    Exam 13: Corporations
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    On November 1,2017,Roosevelt,Inc
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On November 1,2017,Roosevelt,Inc

Question 172

Question 172

Essay

On November 1,2017,Roosevelt,Inc.declared a dividend of $3.00 per share.Roosevelt,Inc.has 20,000 shares of common stock outstanding and no preferred stock.Prepare the journal entry to record this transaction.

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