Question
On January 18, Coyote Corp. declared a cash dividend of 60 cents a share on 2 million shares of its common stock. Coyote Corp
On January 18, Coyote Corp. declared a cash dividend of 60 cents a share on 2 million shares of its common stock. Coyote Corp will the dividend on February 18 to all stockholders recorded on its book as stockholders on January 31. Instructions: prepare any necessary journal entries for dividends on 1) January 18, 2) January 31, 3) February 18.
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Financial Reporting And Analysis
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
8th Edition
1260247848, 978-1260247848
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