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1-Sep Gable Corporation Board of directors declared dividends in inventory woth $15,000. The cost of the inventory was $10,000. The inventory was to be distributed

1-Sep Gable Corporation Board of directors declared dividends in inventory woth $15,000. The cost of the inventory was $10,000. The inventory was to be distributed on Sep

15th to stockholders of record on Sept 10th. All journal entries on Gable's books to record the dividend transactions.

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