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On 5/1/20. ABC Corporation declared cash dividends payable to common shareholders of record 5/15/20 to be paid on 5/31/20 in the amount of $20,000. The

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On 5/1/20. ABC Corporation declared cash dividends payable to common shareholders of record 5/15/20 to be paid on 5/31/20 in the amount of $20,000. The journal entry contains: 20,000 20,000

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