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Declaration of Cash Dividend Wilson Corporation declares a cash dividend of $80,000 on December 31, 2013. Required: Hide What is the appropriate journal entry to

Declaration of Cash Dividend

Wilson Corporation declares a cash dividend of $80,000 on December 31, 2013.

Required:

Hide

What is the appropriate journal entry to record this declaration?

2013 Dec. 31

(Record liability for dividends)

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