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Question 5 1 pts On January 15, LexLuther Corporation declares a $2 per share cash dividend. The company has 100,000 shares authorized, 40,000 shares issued
Question 5 1 pts On January 15, LexLuther Corporation declares a $2 per share cash dividend. The company has 100,000 shares authorized, 40,000 shares issued and 30,000 outstanding. The dividend will be paid on January 31 to stockholders of record on January 25. How much cash will be paid to shareholders? $80,000 $200,000 $60,000 $0 Question 6 1 pts On January 15, LexLuther Corporation declares a $2 per share cash dividend. The company has 100,000 shares authorized, 40,000 shares issued and 30,000 outstanding. The dividend will be paid on January 31 to stockholders of record on January 25. The January 25th journal entry will include a: Credit to cash Credit to Cash Dividends Payable No entry will be made on January 25th Debit to Cash
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