Question
ABC Corp declared dividends of $1.50 per share on January 1, 2015.ABC Corp has 1,000,000 shares of stock outstanding. On July 1, 2015, ABC Corp
ABC Corp declared dividends of $1.50 per share on January 1, 2015.ABC Corp has 1,000,000 shares of stock outstanding.
On July 1, 2015, ABC Corp paid those dividends to its shareholders.
1. Record the entry to accrue dividends.
2. Record the entry to pay the dividends.
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Financial Accounting
Authors: Jamie Pratt, Michael F Peters
11th Edition
1119745322, 978-1119745327
