The Board of Directors of Capstone Inc

question 91

Short Answer

The board of directors of Capstone Inc.declared a $0.60 per share cash dividend on its $1 par common stock.On the date of declaration,there were 50,000 shares authorized,20,000 shares issued,and 5,000 shares held as treasury stock.What is the entry for the dividend declaration?

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Definitions:

Age Structure

The distribution of individuals among different ages in a population, usually depicted in a demographic pyramid.

AIDS

Acquired Immune Deficiency Syndrome (AIDS) is a life-threatening condition caused by the human immunodeficiency virus (HIV) that damages the immune system, hindering the body's ability to fight infections.

Zero Growth

A condition in which a population or economy is stable and does not increase or decrease significantly over time.

Replacement-Level Fertility Rate

The average number of children that must be born to a woman over her lifetime to exactly replace the population, without increasing or decreasing it.