Hemingway Corporation has 100,000 shares of common stock issued and outstanding. At the meeting of the board of directors on December 1, the board voted to declare a cash dividend of $5 per share to be paid on December 31, to shareholders of record as of December 16 , 2018.
Required:
Write the necessary journal entry.
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Hemingway Corporation has 100,000 shares of common stock issued and outstanding. At the meeting of t...
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