CraneCorporation has10.50million shares of common stock issued and outstanding. On June 1, the board of directors voted

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CraneCorporation has10.50million shares of common stock issued and outstanding. On June 1, the board of directors voted an83cents per share cash dividend to stockholders of record as of June 14, payable June 30.

the journal entries for each of the dates above assuming the dividend represents a distribution of earnings?

How would the entries differ if the dividend were a liquidating dividend?

Posted Date: Jun 18, 2024 04:06 PM

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CraneCorporation has10.50million shares of common stock issued and outstanding. On June 1, the board of directors voted

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