On January 18, Coyote Corp. declared a cash dividend of 60 cents a share on 2...
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On January 18, Coyote Corp. declared a cash dividend of 60 cents a share on 2 million shares of its common stock. Coyote Corp will the dividend on February 18 to all stockholders recorded on its book as stockholders on January 31. Instructions: prepare any necessary journal entries for dividends on 1) January 18, 2) January 31, 3) February 18. On January 18, Coyote Corp. declared a cash dividend of 60 cents a share on 2 million shares of its common stock. Coyote Corp will the dividend on February 18 to all stockholders recorded on its book as stockholders on January 31. Instructions: prepare any necessary journal entries for dividends on 1) January 18, 2) January 31, 3) February 18.
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To record the necessary journal entries for dividends on January 18 January 31 and February 18 Janua... View the full answer
Related Book For
Financial Reporting And Analysis
ISBN: 9781260247848
8th Edition
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
Posted Date:
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