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(Cash Dividend and Liquidating Dividend) Addison Corporation has 10 million shares of common stock issued and outstanding. On June 1, the board of directors voted
(Cash Dividend and Liquidating Dividend) Addison Corporation has 10 million shares of common stock issued and outstanding. On June 1, the board of directors voted 60 cents per share cash dividend to stockholders of record as of June 14, payable june 30. Prepare the journal entry for each of the dates above assuming the dividend represents a distribution of earnings
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Equity Asset Valuation
Authors: Jerald E. Pinto, Elaine Henry, Thomas R. Robinson, John D. Stowe, Abby Cohen
2nd Edition
470571439, 470571438, 9781118364123 , 978-0470571439
