On October 1,2005, Smart Corporation declared a ($60,000) cash dividend to be paid on December 30 to
Question:
On October 1,2005, Smart Corporation declared a \($60,000\) cash dividend to be paid on December 30 to shareholders of record on November 20.
Required:
Record the events occurring on October 1, November 20, and December 30 in a horizontal statements model like the following one. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA).
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