FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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- Nutritious Pet Food Company’s board of directors declares a cash dividend of $1.00 per common share on November 12. On this date, the company has issued 14,000 shares but 2,500 shares are held as treasury shares. The company pays the dividend on December 14. What is the journal entry to record the payment of the dividend? If an amount box does not require an entry, leave it blank. Dec. 14 fill in the blank 2 fill in the blank 3 fill in the blank 5 fill in the blank 6arrow_forwardNutritious Pet Food Company’s board of directors declares a small stock dividend (20%) on June 30 when the stock’s market value per share is $30. At that time, there are 10,000 shares of $1 par value common stock outstanding (none held in treasury). What is the journal entry to record the declaration of the dividend?arrow_forwardNutritious Pet Food Company’s board of directors declares a cash dividend of $1.00 per common share on November 12. On this date, the company has issued 11,000 shares but 2,200 shares are held as treasury shares. What is the journal entry to record the declaration of this dividend? If an amount box does not require an entry, leave it blank. Nov. 12arrow_forward
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