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On September 15, 2010, the board of directors of Federated Corporation declared a cash dividend of $1 per share on its 800,000 outstanding shares of common stock. The dividend is payable on October 12 to the stockholders of record on September 30. Give the journal entries necessary on September 15, September 30, and October 12, 2010.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M965058

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