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Exercise 15-12 Skysong Corporation has 12.00 million shares of common stock issued and outstanding. On June 1, the board of directors voted an 83 cents
Exercise 15-12
Skysong Corporation has 12.00 million shares of common stock issued and outstanding. On June 1, the board of directors voted an 83 cents per share cash dividend to stockholders of record as of June 14, payable June 30.
How would the entries differ if the dividend were a liquidating dividend?
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