Question
The board of directors of CC Inc. declared a $0.60 per share cash dividend on its $1 par common stock. On the date of declaration,
The board of directors of CC Inc. declared a $0.60 per share cash dividend on its $1 par common stock. On the date of declaration, there were 50,000 shares authorized, 10,000 shares issued, and 2,200 shares held as treasury stock. What is the entry for the dividend declaration?
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Intermediate Accounting
Authors: kieso, weygandt and warfield.
IFRS Edition
978-1118443965, 1118800532, 9781118800539, 978-0470873991
