Are common stock dividends declared just prior to the end of a FY (06), but actually paid early in the following FY (07), included in the total amount of dividends "paid" during that FY (06)? Or, like I suspect, are they truly considered "paid" in the following FY (07) total?

Thanks!

It would be included n 2006.

The JE would be:

In 2006, upon declaration:
Dr. Dividends Declared
Cr Dividends Payable

At the end of the fiscal year in 2006:
Dr. RE
Cr. Dividends Declared

In 2007, when dividends paid:
Dr. Dividends Payable
Cr. Cash