the journal entry to record the declaration must include a debit to A.
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Accounting Basics A mining company declared a liquidating dividend.
the journal entry to record the declaration must include a debit to: A.
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Cash Dividends Dividends and Its Journal Entrieshe date of payment Journal Entries For Cash Dividends Journal Entries for Liquidating Dividends Journal Entries for Stock Dividends Journal Entry for Property Dividends Journal Entry for Scrip Dividends Liquidating Dividends Property Dividends Scrip Dividends Stock Dividends The date of declaration The date of record The ex-dividend date Types of Dividends Types of Dividends and Its Journal Entries Putra is a CPA.
His last position, in the corporate world, was a controller for a corporation in Costa Mesa, CA.
They are treated as a reduction of contributed capital, either additional paid-in-capital or a special contracontributed capital account, designated as “Contributed Capital Distributed” as a “Liquidating Dividend”. Common Stock Dividend Distributable = 300,000 At the time of distribution the following journal entry is required: [Debit].