Question: Honda the Japanese automobile company declared and paid cash dividends

Honda, the Japanese automobile company, declared and paid cash dividends in fiscal 2011 of ¥51 per share on 1,807.3 million shares. The declaration preceded the payment by 1 month. Prepare the journal entries relating to the declaration and payment of fiscal 2011 dividends by Honda.


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  • CreatedFebruary 20, 2015
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