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Hazelnut company earned net income of 95000 during the year

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Hazelnut company earned net income of $95,000 during the year ended December 31, 2012. On December 15, Hazelnut declared the annual cash dividend on its 3% preferred stock and a $0.50 per share cash dividend on its common stock shares. Hazelnut then paid dividends on Jan 4 2013 Journalize Entries.

Reference no: EM13482819

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