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The board of directors of Capstone Inc declared a $0,40 per share cash dividend on its $3 par common stock. On the date of declaration,
The board of directors of Capstone Inc declared a $0,40 per share cash dividend on its $3 par common stock. On the date of declaration, there were 48.000 shares authorized. 24.000 shares issued, and 6,000 shares held as treasury stock What is the entry when the dividends are declared? A. 7,200 7,200 B. 7,200 7,200 Dividends Dividends Payable Dividends Cash Dividends Dividends Payable Dividends Cash C. 19, 200 19, 2ee D. 9,6ee 9,600 Multiple Choice Option Option Bad Brad's BBQ had cash flows for the year as follows ($ in millions): CASH RECEIVED FROM: Customers Interest on investments Sale of land Sale of common stock Issuance of debt securities $2,600 260 170 570 2,200 CASH PAID FOR: Interest on debt Income tax Debt principal reduction Purchase of equipment Purchase of inventory Dividends on common stock Operating expenses $ 250 100 1,600 4,500 1,050 190 600 Bad Brad's would report net cash inflows (outflows) from operating activities in the amount of: Multiple Choice
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