Question
MNO Corporation currently has 100,000 shares of $1 par common stock outstanding. On July 10, the board of directors declared a dividend of $0.40 per
MNO Corporation currently has 100,000 shares of $1 par common stock outstanding. On July 10, the board of directors declared a dividend of $0.40 per share on common stock to shareholders of record on August 1, payable on August 5. Prepare any journal entries necessary.
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, George Foster, Srikant M. Datar
8th Edition
0131810669, 978-0131810662
