Question
Marin Corporation has 11.40 million shares of ordinary shares issued and outstanding. On June 1, the board of directors voted an 85 cents per share
Marin Corporation has 11.40 million shares of ordinary shares issued and outstanding. On June 1, the board of directors voted an 85 cents per share cash dividend to shareholders of record as of June 14, payable June 30.
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How would the entries differ if the dividend were a liquidating dividend?
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Managerial Accounting
Authors: Peter C. Garrison, Ray H., Noreen, Eric W., Brewer
12th Edition
0071274227, 978-0071274227
