The board of directors of Fiscal Inc declared a $0.60 per share cash dividend on...
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Accounting
The board of directors of Fiscal Inc declared a $0.60 per share cash dividend on its $2 par common stock. On the date of declaration, there were 44.000 shares authorized, 18,000 shares issued, and 6,000 shares held as treasury stock What is the entry when the dividends are declared? A. 7,200 7,200 7,200 Dividends Dividends Payable Dividends Cash Dividends Dividends Payable Dividends Cash 7,200 c. 26,400 26,400 D. 10,800 10,800
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