Flounder mining company declared on april 20 a dividend of


Question - Flounder Mining Company declared, on April 20, a dividend of $442,000 payable on June 1. Of this amount, $108,000 is a return of capital.

Prepare the April 20 and June 1 entries for Flounder.

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Accounting Basics: Flounder mining company declared on april 20 a dividend of
Reference No:- TGS02770948

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