An entry is required both on the date of declaration and the date of payment.
Correct Answer:
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Q15: No dividend can be paid unless so
Q16: One thing that the sole proprietorship and
Q17: A corporation generally keeps and reinvests a
Q18: When a dividend is declared, Stock Dividends
Q19: The names of stockholders entitled to receive
Q21: An adjusting entry is not required if
Q22: Unappropriated Retained Earnings will decrease because of
Q23: A stock split requires no formal journal
Q24: A stock dividend will reduce the amount
Q25: The ending balance of the retained earnings
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