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Indigo Corporation has 9,100 shares of common stock outstanding. It declares a $1 per share cash dividend on November 1 to stockholders of record on
Indigo Corporation has 9,100 shares of common stock outstanding. It declares a $1 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, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Indigo Corporation has 9,100 shares of common stock outstanding. It declares a $1 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, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)
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