Divine Apparel has 4,000 shares of common stock outstanding On October 1, the company declares a $0 75 per share dividend to stockholders of record on October 15 The dividend is paid on October 31 Record all transactions on the appropriate dates for cash dividends ...

October 1 Dividends 4000 shares x 075 ...

Divine Apparel has 4,000 shares of common stock outstanding. On October 1, the company declares a $0.75

Question:

Divine Apparel has 4,000 shares of outstanding. On October 1, the company declares a $0.75 per share to stockholders of record on October 15. The is paid on October 31. Record all transactions on the appropriate dates for cash dividends.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...