Greenwood corporation has 80000 shares of common stock, Financial Accounting

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Greenwood corporation has 80000 shares of common stock

Prepare entries for a cash dividend.

Greenwood Corporation has 80,000 shares of common stock outstanding. It declares a $1 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31. Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend.

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Financial Accounting: Greenwood corporation has 80000 shares of common stock

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Financial Accounting: Greenwood corporation has 80000 shares of common stock

Reference No:- TGS01662348

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