Business, 10.03.2020 07:24 Kaesy24

Bridgeport Corporation has 10.40 million shares of common stock issued and outstanding. On June 1, the board of directors voted an 74 cents per share cash dividend to stockholders of record as of June 14, payable June 30.A. Prepare the journal entry for each of the dates above assuming the dividend represents a distribution of earnings. B. How would the entry differ if the dividend were a liquidating dividend?

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Bridgeport Corporation has 10.40 million shares of common stock issued and outstanding. On June 1, t...

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