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On November 1,2018,Uno,Inc.declared a dividend of $4.50 per share.Uno,Inc.has 23,000 shares of common stock outstanding and no preferred stock.Which of the following is the journal entry needed to record the declaration of the dividend?
Substantial Capacity Test
is a legal standard used to determine if an individual has the mental capacity to understand the wrongfulness of their actions for the purpose of establishing criminal responsibility.
Involuntary Act
An action performed by an individual without conscious control, often considered in legal contexts concerning liability.
Arraigned
The legal procedure of formally charging an individual in court and asking for their plea to the charges.
Defendant
The party in a legal proceeding accused of committing a crime or facing a civil lawsuit.
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