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How much the dividend is paid to common shareholders

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Reference no: EM133006095

The Estrella Corporation has 80,000 common shares outstanding. If they declare a cash dividend of $ 1.00 per share on November 1st for their shareholders who are registered on the 1st. from December. The dividend is paid on December 31st.

Problem 1: Prepare the records with their corresponding dates for the declaration and payment of cash dividends.

Problem 2: Determine how much the dividend is paid to your common shareholders.

Reference no: EM133006095

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