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Assuming it needa to be a journal entry (table form) On April 17th the board of Arsenal Enterprises declared a $1.60 per share cash dividend,
Assuming it needa to be a journal entry (table form)
On April 17th the board of Arsenal Enterprises declared a $1.60 per share cash dividend, payable on June 1stt to shareholders of record as of May 15th. As of April 17th50.000 shares were issued and 3.500 shares were held in treasury. Journalize the deelaration and subsequent payment of the cash dividend
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