The board of directors of benson company declared a cash, Ask an Expert

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The board of directors of Benson Company declared a cash dividend of $1.50 per share on 42,000 shares of common stock on July 15, 2010. The dividend is to be paid on August 15, 2010, to stockholders of record on July 31, 2010. The effects of the journal entry to record the payment of the dividend on August 15, 2010, are to ??

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M991754

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