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Fetzer Company declared a $ 0 . 4 0 per share cash dividend. The company has 4 2 0 , 0 0 0 shares authorized,

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Fetzer Company declared a $0.40 per share cash dividend. The company has 420,000 shares authorized, 399,000 shares issued, and 16,800 shares in treasury stock. The journal entry to record the payment of the dividend is
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