Lucas Foods has outstanding 600 shares of 7% preference shares, $100 par value, and 1,600 shares of

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Luca’s Foods has outstanding 600 shares of 7% preference shares, $100 par value, and 1,600 shares of ordinary shares, $30 par value. Luca’s declares dividends of $15,800. The correct entry is:

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Financial Accounting International Financial Reporting Standards

ISBN: 9780273777809

1st Global Edition

Authors: Walter T Harrison, Charles Horngren, Bill Thomas, Themin Suwardy

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