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The board of directors of Capstone Incorporated declared a $0.40 per share cash dividend on its $2 par common stock. On the date of declaration,

image text in transcribed The board of directors of Capstone Incorporated declared a $0.40 per share cash dividend on its $2 par common stock. On the date of declaration, there were 41,000 shares authorized, 24,000 shares issued, and 5,000 shares held as treasury stock. What is the journal entry when the dividends are declared? Option A Option B Option D Option C

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