Dividends and Dividend Preferences Video Lessons

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Problem: Cainas Cookies declares a $10,000 dividend on 10/1/15 for all shareholders of record on 10/31/15, to be paid on 12/31/15.  The journal entry required on 10/1 is:

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Cainas Cookies declares a $10,000 dividend on 10/1/15 for all shareholders of record on 10/31/15, to be paid on 12/31/15.  The journal entry required on 10/1 is:

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