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(Solved): 1 - On which dates are journal entries made to record cash dividend transactions? (Declaration date? ...



1 - On which dates are journal entries made to record cash dividend transactions? (Declaration date? Record date? Payment date?)

2 - A company has 100,000 shares of $1 par value common stock outstanding with a current market price of $100 per share. If the corporation issues a 2-for-1 stock split, what will be the approximate market price of the stock after the stock split?



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A cash dividend transaction involves the payment of cash to shareholders as a distribution of the company's earnings.

1 - Journal entries for cash dividend transactions are typically made on the declaration date and the payment date.





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