Prepare any journal entries that national chocolate corp

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Reference no: EM13133638

National Chocolate Corp. produces chocolate bars and snacks under the brand name Blast and Soothe. A press release contained the following information:

Required:

1. Prepare any journal entries that National Chocolate Corp. should make as the result of information in the preceding report. Assume that the company has 1.0 million shares outstanding on March 5, the par value is $0.01 per share, and the stock price is $10 per share.

2. What two requirement would the board of directors have considered before making the dividend decisions?

Reference no: EM13133638

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