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Explain the journal entry needed on the given date

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Question: A corporation declares a dividend of $2.00 per share on 15,000 shares of common stock. Which of the following is included in the entry to record the? declaration?

On November? 1, 2018,? Nada, Inc. declared a dividend of $5.00 per share on common stock.? Nada, Inc. has 30,000 shares of common stock outstanding and no preferred stock. The date of record is November? 15, and the payment date is November? 30, 2018. Which of the following is the journal entry needed on November? 30, 2018?

Reference no: EM132718250

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