On January 27, 2023 the board of directors of India star company declared a $0.25 per share

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On January 27, 2023 the board of directors of India star company declared a $0.25 per share cash dividend.

The dividend is payable on February 24 to shareholders of record on February 7.

India star has 60000 shares of $1 par common stock outstanding.

Record necessary entries regarding the dividend. You do not need to record closing entry.

Related Book For answer-question

Fundamental Accounting Principles Volume II

ISBN: 978-1259066511

14th Canadian Edition

Authors: Larson Kermit, Jensen Tilly

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Posted Date: May 25, 2023 01:59 AM

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On January 27, 2023 the board of directors of India star company declared a $0.25 per share

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SOLUTION To record the necessary entries regarding the dividend we need to follow the following step... View the full answer

Fundamental Accounting Principles Volume II

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