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QUESTION 15 Yorkie Company declares a $10 Cash Dividend to its Common Shareholders Current information from the Company's Balance Sheet reports: .Authorized Shares are

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QUESTION 15 Yorkie Company declares a $10 Cash Dividend to its Common Shareholders Current information from the Company's Balance Sheet reports: .Authorized Shares are 100,000 shares Issued Shares are 40,000 shares Outstanding Shares are 30,000 On the Payment Date, Yorkie Company will record: Dividends Payable $400,000 Cash O True O False $400,000

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