Divine Apparel has 2,600 shares of common stock outstanding. On October 1, the company declares a...

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Divine Apparel has 2,600 shares of common stock outstanding. On October 1, the company declares a $0.25 per share dividend to stockholders of record on October 15. The dividend is paid on October 31. Determine the financial statement effects for (1) the declaration of dividends on October 1 and (2) the payment of dividends on October 31. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the financial statement effects for the declaration of dividends on October 1. (Amounts to be deducted should be entered with minus Income Statement Revenues Assets Expenses Balance Sheet Liabilities < Required 1 Required 2 > Net Income Stockholders' Equity Divine Apparel has 2,600 shares of common stock outstanding. On October 1, the company declares a $0.25 per share dividend to stockholders of record on October 15. The dividend is paid on October 31. Determine the financial statement effects for (1) the declaration of dividends on October 1 and (2) the payment of dividends on October 31. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the financial statement effects for the payment of dividends on October 31. (Amounts to be deducted should be entered with minus si Income Statement Revenues Assets Expenses Balance Sheet Liabilities < Required 1 Required 2 > Net Income Stockholders' Equity Divine Apparel has 2,600 shares of common stock outstanding. On October 1, the company declares a $0.25 per share dividend to stockholders of record on October 15. The dividend is paid on October 31. Determine the financial statement effects for (1) the declaration of dividends on October 1 and (2) the payment of dividends on October 31. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the financial statement effects for the declaration of dividends on October 1. (Amounts to be deducted should be entered with minus Income Statement Revenues Assets Expenses Balance Sheet Liabilities < Required 1 Required 2 > Net Income Stockholders' Equity Divine Apparel has 2,600 shares of common stock outstanding. On October 1, the company declares a $0.25 per share dividend to stockholders of record on October 15. The dividend is paid on October 31. Determine the financial statement effects for (1) the declaration of dividends on October 1 and (2) the payment of dividends on October 31. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the financial statement effects for the payment of dividends on October 31. (Amounts to be deducted should be entered with minus si Income Statement Revenues Assets Expenses Balance Sheet Liabilities < Required 1 Required 2 > Net Income Stockholders' Equity