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Record the declaration and payment of dividends

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Reference no: EM132662161

Using Pepsi's 2008 Annual Report, answer the following questions:

Transactions related to Shareholders' Equity

Problem 1: For each activity below, provide the accounting entry made by Pepsi (with amounts):

(a) Record the declaration and payment of dividends in 2008.

(b) Record the purchase of common shares in 2008.

Reference no: EM132662161

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