Topic: Dividend Exercise (Case Study)

The Estrella Corporation has 80,000 common shares outstanding. If they declare a cash dividend of $1.00 per share on November 1 for their shareholders who are registered on the 1st. from December. The dividend is paid on December 31.

Prepare the records with their corresponding dates for the declaration and payment of cash dividends.

Determine the amount of the dividend is paid to your common stockholders.

You must record each and every transaction.

Compose with the results of your calculations in a writing in MS Word

Please provide a minimum of 6-8 parragraphs of at least 5 sentences each explaining the process of the results. It must include at least 2 academic sources, formats and cited in accordance with current APA regulations.