Cash dividends to its stockholders, Accounting Basics

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Cash dividends to its stockholders

Micron owns 3,000 shares of JVT. JVT has 25,000 total shares of stock outstanding. JVT paid $3 per share in cash dividends to its stockholders. Micron should record a:

A) Debit to Dividends for $75,000.

B) Debit to Dividends for $9,000.

C) Debit to Cash for $9,000.

D) Debit to Long-Term Investments for $9,000.

E) Credit to Long-Term Investments for $9,000.

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Accounting Basics: Cash dividends to its stockholders

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Accounting Basics: Cash dividends to its stockholders

Reference No:- TGS087208

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

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Accounting Basics: Cash dividends to its stockholders

Reference No:- TGS087208

Recent Questions Asked Accounting Basics

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Q : What are the morphological features

Q : Parallels between a traditional file index and the file

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Q : How would consolidated cost of goods sold

Q : Identify the level within a database system

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Q : Sequence of events when fertilizer runoff reaches the bay

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