Question
XYX Corporation has 4,000,000 authorized and 500,000 shares of common stock issued. The par value of the stock is $1, and the market value of
XYX Corporation has 4,000,000 authorized and 500,000 shares of common stock issued. The par value of the stock is $1, and the market value of the stock is $40 dollars. Please make the following journal entries for a $2 dollar per share dividend that was declared.
March 1st Dividend was declared
March 15th Date of Record
March 30th Date of payment
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CPA Excel Auditing And Attestation
Authors: Robert A. Prentice
1st Edition
0977165876, 978-0977165872
