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2. TD Bank has 910,000,000 shares outstanding and pays a quarterly dividend of $0.72 per share. Assume you own 500 shares. Record the journal entry
2. TD Bank has 910,000,000 shares outstanding and pays a quarterly dividend of $0.72 per share. Assume you own 500 shares.
- Record the journal entry for TD Bank on April 1 when the dividend is declared.
- How much would you receive if you choose to receive the dividends on your 500 shares in cash?
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Federal Tax Accounting 2022
Authors: Frank L. Brunetti
1st Edition
080805631X, 9780808056317
