Question
On October 8, the board of directors of a company with 4,000 common shares outstanding declared a $2 per share dividend payable December 15 to
On October 8, the board of directors of a company with 4,000 common shares outstanding declared a $2 per share dividend payable December 15 to the shareholders of record on November 1.
Record journal entry on October 8 (date of declaration)
Record journal entry on November 1 (date of record)
Record journal entry on December 15 (date of payment)
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Fundamental Accounting Principles Volume I
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
16th Canadian edition
978-1260305821
