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gosling corp. has 100,000 shares of common stock authorized, 80,000 shares issued, and 20,000 shares of treasury stock. gosling declares a dividend of $0.10 share. which of the following entries is required
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gosling corp. has 100,000 shares of common stock authorized, 80,000 shares issued, and 20,000 shares of treasury stock. gosling declares a dividend of $0.10 share. which of the following entries is required at the date of declaration?

User Ropo
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Answer: Debit Dividends $6,000

Explanation: 60,000 shares outstanding x $0.10

User Raminr
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