The board of directors of capstone inc declared a 40 per


Question - The board of directors of Capstone Inc. declared a $.40 per share cash dividend on its $1 par common stock. On the date of declaration, there were 51,000 shares authorized, 23,000 shares issued, and 4,000 shares held as treasury stock. What is the entry for the dividend declaration?

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Accounting Basics: The board of directors of capstone inc declared a 40 per
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