Question
Stocks were sold for cash to 10,000 shareholders on March 1, 2006. The board of directors declared a cash dividend of 1o on Nov.30 to
Stocks were sold for cash to 10,000 shareholders on March 1, 2006. The board of directors declared a cash dividend of 1o on Nov.30 to stockholders on record as of Dec. 15, payable on Dec. 20. The accountant should not prepare an entry on
a. March 1
b. November 30
c. December 15
d. December 20
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Essentials of Accounting for Governmental and Not-for-Profit Organizations
Authors: Paul A. Copley
10th Edition
007352705X, 978-0073527055
