Effect of cash dividends on financial statements
On October 1, 2012, Smart Corporation declared a $60,000 cash dividend to be paid on December 30 to shareholders of record on November 20.
Required
Record the events occurring on October 1, November 20, and December 30 in a horizontal statements model like the following one. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA).
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