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This journal entry is to eliminate the dividend liabilities that the company has recorded on December 20, 2019, which is the declaration date of the dividend. Cynthia Gaffney has spent over 20 years in finance with experience in valuation, corporate financial planning, mergers & acquisitions consulting and small business ownership. A Southern California native, Cynthia received her Bachelor of Science degree in finance ocean storytelling photography grants and business economics from USC. The cash outflow will occur when the ...
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