Question: IBM Corporation declared a cash dividend of $4 per share on its 12,000 outstanding shares of

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·Question: IBM Corporation declared a cash dividend of $4 per share on its 12,000 outstanding shares of common stock. Calculate the total amount of dividends to be paid and provide the journal entry to record the declaration of dividends.

Requirements:

Calculate the total amount of dividends to be paid.
Provide the journal entry to record the declaration of dividends.

Posted Date: Jun 04, 2024 12:59 AM

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Question: IBM Corporation declared a cash dividend of $4 per share on its 12,000 outstanding shares of

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