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quanbrown
Sep 21, 2007, 10:30 AM
On January 15, the Board of Directors of Barns Inc declared .25 per-share dividend on its common stock to shareholders of record on January 31, payable on February 15. Barns has 25,000 shares of stock authorized, 10,000 shares issued, and 8,000 shares outstanding. How do I journalize the above formula?