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How would you record the cash dividends

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Question - Slender Corp. purchased 20,000 shares of Barm Co. common stock for $22 per share. Barm Co., which has issued 80,000 shares of stock, declares a cash dividend of $2 per share to stockholders. How would you record the Cash Dividends by Slender Corp. on the journal entry?

Reference no: EM131642782

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