Question
: A cash dividend of $500 was declared and paid to stockholders. The correct journal entry to record the declaration is: a. DR Capital stock
: A cash dividend of $500 was declared and paid to stockholders. The correct journal entry to record the declaration is:
a. DR Capital stock 500 and CR Cash 500
b. DR Cash 500 and CR Dividends 500
c. DR Dividends 500 and CR Cash 500
d. DR Cash 500 and CR Capital stock 500
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Cost Management Strategies For Business Decisions
Authors: Ronald Hilton, Michael Maher, Frank Selto
3rd Edition
0072830085, 978-0072830088
