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On February 28, Memory Inc's board of directors declares a $100,000 dividend, payable to all shareholders as of March 10. The dividend is paid in
On February 28, Memory Inc's board of directors declares a $100,000 dividend, payable to all shareholders as of March 10. The dividend is paid in cash on March 20.
What, if any, is Memory's journal entry on March 10?
DR:
CR: 
On February 28, Memory Inc's board of directors declares a $100,000 dividend, payable to all shareholders as of March 10. The dividend is paid in cash on March 20. What, if any, is Memory's journal entry on March 10? DR: [Select] CR: [Select] [Select] [Select]
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Core Concepts Of Accounting Information Systems
Authors: Nancy A. Bagranoff, Mark G. Simkin, Carolyn Strand Norman
11th Edition
9780470507025, 0470507020
