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    Fundamental Accounting Principles Study Set 3
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    Exam 13: Organization and Operation of Corporations
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    Ken Corp Declared a 0
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Ken Corp Declared a 0

Question 41

Question 41

Multiple Choice

Ken Corp declared a 0.60 per share common dividend.The company has 20,000 common shares authorized,with 6,000 shares issued and outstanding.A possible journal entry to record the declaration is:


A)
Ken Corp declared a 0.60 per share common dividend.The company has 20,000 common shares authorized,with 6,000 shares issued and outstanding.A possible journal entry to record the declaration is: A)    B)    C)    D)    E)
B)
Ken Corp declared a 0.60 per share common dividend.The company has 20,000 common shares authorized,with 6,000 shares issued and outstanding.A possible journal entry to record the declaration is: A)    B)    C)    D)    E)
C)
Ken Corp declared a 0.60 per share common dividend.The company has 20,000 common shares authorized,with 6,000 shares issued and outstanding.A possible journal entry to record the declaration is: A)    B)    C)    D)    E)
D)
Ken Corp declared a 0.60 per share common dividend.The company has 20,000 common shares authorized,with 6,000 shares issued and outstanding.A possible journal entry to record the declaration is: A)    B)    C)    D)    E)
E) Ken Corp declared a 0.60 per share common dividend.The company has 20,000 common shares authorized,with 6,000 shares issued and outstanding.A possible journal entry to record the declaration is: A)    B)    C)    D)    E)

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