On November 1 2 , XYZ Corporation declared a total cash dividend of $ 4 5 , 0 0 0 for stockholders of record on November 2 0 and payable on December 1 ( a ) Journalize the entries required on November 1 2 , November 2 0 , and December 1 ( b ) Briefly describe the significance of November 2 0 ...

a Journal Entries November 12 Retained Earnings or Dividends Payable 45000 Dividends Declared 45000 ...

On November 1 2 , XYZ Corporation declared a total cash dividend of $ 4 5 ,

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Question:

On November

12,

XYZ Corporation declared a total cash dividend of $

45, 000

for stockholders of record on November

20

and payable on December

1 .

(

)

Journalize the entries required on November

12,

November

20,

and December

1 .

(

)

Briefly describe the significance of November

20 .

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Fundamental Accounting Principles Volume II

ISBN: 978-1259066511

14th Canadian Edition

Authors: Larson Kermit, Jensen Tilly

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Posted Date: Apr 22, 2024 08:12 AM

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On November 1 2 , XYZ Corporation declared a total cash dividend of $ 4 5 ,

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