Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 31,000 shares authorized, 15,600 shares issued, and 12,400 shares of common stock outstanding. The journal entry to record the dividend declaration is:
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Home » Business » Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 31,000 shares authorized, 15,600 shares issued, and 12,400 shares of common stock outstanding. The journal entry to record the dividend declaration is: