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on december 10, of a certain year, the board of directors of the rosewood corporation produced a list of shareholders who were going to receive a dividend of $1.35 per share. the company has 2 million shares outstanding. based on this information, the journal entry for this announcement is:

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This information leads to the conclusion that there is no journal entry required for this announcement.

When calculating shareholder equity, do dividends count?

Even though dividends are not a piece of stockholder equity in and of themselves, the payment of cash dividends reduces the amount of stockholder equity on a company's balance sheet. This is accurate because the stockholder equity is decreased as a result of paying cash dividends out of retained earnings.

What impact would the issuance of common stock in exchange for cash have on the balance sheet?

The cash account is the first balance sheet item impacted by equity issuance. The amount your business receives in exchange for the purchased stock is added to the cash account.

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