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On July 31 ABC Company declared a $0.50 per share cash dividend to be paid on August 15 to shareholders of record on August 10.
- On July 31 ABC Company declared a $0.50 per share cash dividend to be paid on August 15 to shareholders of record on August 10. There were 100,000 shares of common stock authorized, 50,000 issued, and 45,000 outstanding.
- On December 31 Carlos Company declared a $0.45 per share cash dividend to be paid on January 31 to shareholders of record on January 15. There were 500,000 shares of common stock authorized, 250,000 issued, and 245,000 outstanding.
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1 July 31 Retained earning AC dr 22500 To Dividend payable 22500 Being dividend declared o...
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Intermediate Accounting
Authors: Earl K. Stice, James D. Stice
19th edition
1133957919, 978-1285632988, 1285632982, 978-0357691229, 978-1133957911
