Business, 10.03.2020 01:59, munozjosue258

Poundcake Company owns 10,000 shares (10% of total shares) of Joshua, Inc. Joshua declares and pays a cash dividend of $0.50 per share. Poundcake first records dividends when cash is received. Upon receipt of the cash dividend, what entry should Poundcake make?

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Poundcake Company owns 10,000 shares (10% of total shares) of Joshua, Inc. Joshua declares and pays...