Journal entry to record the payment of the dividend, Accounting Basics

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Journal entry to record the payment of the dividend

The board of directors of Benson Company declared a cash dividend of $1.50 per share on 42,000 shares of common stock on July 15, 2010. The dividend is to be paid on August 15, 2010, to stockholders of record on July 31, 2010. The effects of the journal entry to record the payment of the dividend on August 15, 2010, are to ??

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Accounting Basics: Journal entry to record the payment of the dividend

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Accounting Basics: Journal entry to record the payment of the dividend

Reference No:- TGS091754

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : What will be effect on the company''s total operating income

Q : The operating system uses lists and queues extensively

Q : The genotypic and phenotypic ratios in progeny generation

Q : Prepare a direct materials purchases budget for product x.

Q : Journal entry to record the payment of the dividend

Q : What will be the expected profits

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Q : Effector procaspases acquire high proteolytic activity

Q : Prepare a monthly cash budget for march and april

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Journal entry to record the payment of the dividend

Reference No:- TGS091754

Recent Questions Asked Accounting Basics

Q : What will be effect on the company''s total operating income

Q : The operating system uses lists and queues extensively

Q : The genotypic and phenotypic ratios in progeny generation

Q : Prepare a direct materials purchases budget for product x.

Q : Journal entry to record the payment of the dividend

Q : What will be the expected profits

Q : Learn about the migration strategies

Q : Effector procaspases acquire high proteolytic activity

Q : Prepare a monthly cash budget for march and april

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