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Business · Accounting
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1. Assume that the Dinnerbell Company currently owns 20 shares of the Bankard Companys common stock and that the Bankard Companys board of directors declared a $2.50 per share dividend on May 15 that will be paid on June 15 to the stockholders of record on May 24. The entry that Dinnerbell should make on May 15 is A. No entry is required on May 15. B. Dividends Receivable $50.00 $50.00 $50.00 $50.00 Dividend Income C. Cash $50.00 Dividends Receivable D. Dividends Receivable $50.00 Cash

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