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The baard of directors of Capstone inc, declared a $0,60 per share cash dividend on its $1 par common stock. On the date of deciaration,

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The baard of directors of Capstone inc, declared a $0,60 per share cash dividend on its $1 par common stock. On the date of deciaration, thete were 50,000 shares autharized, 12,000 shares issued, and 3.800 shares held as treasury stock. What is the entry for the dividend declaration? Misitave Ctiaice

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