The net effects on the corporation of the declaration and payment of a cash

The net effects on the corporation of the declaration

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131.The net effects on the corporation of the declaration and payment of a cash dividend areto132.The board of directors of Benson Company declared a cash dividend of $1.50 per shareon 42,000 shares of common stock on July 15, 2017. The dividend is to be paid onAugust 15, 2017, to stockholders of record on July 31, 2017. The correct entry to berecorded on August 15, 2017, will include a133.The board of directors of Benson Company declared a cash dividend of $1.50 per shareon 42,000 shares of common stock on July 15, 2017. The dividend is to be paid onAugust 15, 2017, to stockholders of record on July 31, 2017. The effects of the journalentry to record the payment of the dividend on August 15, 2017, are to134. A corporation records a dividend-related liability135.Common Stock Dividends Distributable is classified as a(n)136.The effect of a stock dividend is to

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