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The board of directors of Capstone Inc. declared a $0.50 per share cash dividend on its $2 par common stock. On the date of declaration,
The board of directors of Capstone Inc. declared a $0.50 per share cash dividend on its $2 par common stock. On the date of declaration, there were 49,000 shares authorized, 17,000 shares issued, and 6,000 shares held as treasury stock. -- What is the entry when the dividends are declared? 20:51 A. ,500 B. 5,500 Dividends 5 Dividends Payable Dividends Cash Dividends Dividends Payable Dividends555338 24,500 00 INIT 1- lulu ul ,500 Cash Multiple Choice
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