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Accounting

Chavez Corporation has 50,000 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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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M943588

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