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Flint Corporation has 9,000 shares of common stock outstanding. It declares a $4 per share cash dividend on November 1 to stockholders of record on
Flint Corporation has 9,000 shares of common stock outstanding. It declares a $4 per share cash dividend on November 1 to stockholders of record on December 1 . The dividend is paid on December 31 . Prepare a tabular summary to record the declaration and payment of the cash dividend. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Llabillites or Stockholders' Equilty, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Llability or Equity Item that was reduced.) Current Attempt in Progress Flint Corporation has 9,000 shares of common stock outstanding. It declares a $4 per share cash dividend on November 1 to stockholders of record on December 1 . The dividend is paid on December 31. Prepare a tabular summary to record the declaration and payment of the cash dividend. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Llabillties or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Llability or Equity item that was reduced.)
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