KMVX corporatlon declared two types of Dividends to its shareholders. On July 1, 2022 it declared...
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KMVX corporatlon declared two types of Dividends to its shareholders. On July 1, 2022 it declared cash dividends of 50 Cents to be pald to each shareholder of its 2,000,000 shareholders. a. Present the general journal entries KMVX will make on the date of Dilvidend declaration. b. On October 31, 2022, the Corporation pald the dividends to Its shareholders. Prypare the necessary general Journal entries to effect the payments. KMVX corporatlon declared two types of Dividends to its shareholders. On July 1, 2022 it declared cash dividends of 50 Cents to be pald to each shareholder of its 2,000,000 shareholders. a. Present the general journal entries KMVX will make on the date of Dilvidend declaration. b. On October 31, 2022, the Corporation pald the dividends to Its shareholders. Prypare the necessary general Journal entries to effect the payments.
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Related Book For
Intermediate Accounting
ISBN: 978-0176509736
10th Canadian Edition, Volume 1
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
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