On December 31,2027, Bramble, Inc. has 4400 shares of 6% $100 par value cumulative preferred...
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On December Bramble, Inc. has shares of $ par value cumulative preferred stock and shares of $ par value common stock outstanding. On December the directors declare a $ cash dividend. The entry to record the declaration of the dividend would include: a A note in the financial statements that dividends of $ per share are in arrears on preferred stock for b A credit of $ to cash dividends. c A debit of $ to common stock d A credit of $ to dividends payable.
On December Bramble, Inc. has shares of $ par value cumulative preferred stock and shares of $ par value common stock outstanding. On December the directors declare a $ cash dividend. The entry to record the declaration of the dividend would include:
a A note in the financial statements that dividends of $ per share are in arrears on preferred stock for
b A credit of $ to cash dividends.
c A debit of $ to common stock
d A credit of $ to dividends payable.
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