Aris company declare a cash dividend of $1.00 per share on its 12000 common shares outstanding. the journal entry to record the cash dividend is
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Dividends are distributions of earnings by a corporation to its stockholders. Usually the corporation pays dividends in cash, but it may distribute additional shares of the corporation’s own capital stock as dividends. Occasionally, a company pays dividends in merchandise or other assets. Since dividends are the means whereby the owners of a corporation share in its earnings, accountants charge them against retained earnings. Dividends are always based on shares outstanding!
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