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X Corporation on December 20, 2019 declared a cash dividend $5,000 payable January 16, 2020 to all stockholders. On December 20, 2019 tetained earnings should

X Corporation on December 20, 2019 declared a cash dividend $5,000 payable January 16, 2020 to all stockholders. On December 20, 2019 tetained earnings should be Debited by $5,000

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