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On April 15th, 2012, the board of directors for auction.com declared a cash dividend for 40 cents per share payable to stockholders of record on May 20. The dividends will be paid on June 14. The company has 500,000 shares of stock outstanding. Prepare any necessary Journal entries for each date.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9979283

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