Fields Enterprises has 70,000 ordinary shares outstanding It declares a 1 5 per share cash dividend on November 1 to shareholders of record on December 1 The dividend is paid on December 31 Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend ...

Fields Enterprises has 70,000 ordinary shares outstanding. It declares a 1.5 per share cash dividend on November

Question:

Fields Enterprises has 70,000 ordinary shares outstanding. It declares a €1.5 per share cash on November 1 to shareholders of record on December 1. The is paid on December 31. Prepare the entries on the appropriate dates to record the declaration and payment of the cash Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...