Question
For the Systems Understanding Aid: A transaction states, The Board of Directors declared a $3.00 per share dividend on the 3,000 shares of $75 par
For the Systems Understanding Aid:
A transaction states, The Board of Directors declared a $3.00 per share dividend on the 3,000 shares of $75 par value common stock outstanding.
The dividends will be paid on January 31, 2021, to all stockholders of record as of January 25,2021.
How much is the dividends for this company?
How do I record this transaction in the ledger or journal?
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Managerial Accounting for the Hospitality Industry
Authors: Lea R. Dopson, David K. Hayes
2nd edition
978-1-119-2996, 1119299659, 978-1119386223
