Board declared a cash dividend of $2.00 per share for common stockholders. There are 10,000 shares...
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Board declared a cash dividend of $2.00 per share for common stockholders. There are 10,000 shares outstanding, Preferred stockholders have 5,000 shares outstanding with a par value of $100 and a dividend rate of 3% per share. Journalize the declaration date, date of record and payment date. Board declared a cash dividend of $2.00 per share for common stockholders. There are 10,000 shares outstanding, Preferred stockholders have 5,000 shares outstanding with a par value of $100 and a dividend rate of 3% per share. Journalize the declaration date, date of record and payment date.
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