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The board of directors of Capstone Inc. declared a $0.70 per share cash dividend on its $2 par common stock. On the date of
The board of directors of Capstone Inc. declared a $0.70 per share cash dividend on its $2 par common stock. On the date of declaration, there were 54,000 shares authorized, 25,000 shares issued, and 4,000 shares held as treasury stock What is the entry when the dividends are declared? A. Dividends 14,700 Dividends Payable 14,700 B. Dividends 14,700 Cash 14,700 C. Dividends 37,800 Dividends Payable 37,800 D. Dividends 17,500 Cash 17,500 Multiple Choice Option B Option D 9
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