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On 12/31/2015, Windler LLC declares a dividend of $1.60 per share to be paid in the future. The company reports the following on its balance

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On 12/31/2015, Windler LLC declares a dividend of $1.60 per share to be paid in the future. The company reports the following on its balance sheet as of 12/31/2015 : Stockholders Equity_as of 12/31/2015 What journal entry (if any) should be recorded on 12/31/2015 when the dividend is declared

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