Woods Legal Services has 4,000,000 shares authorized of $5 par value common stock and 600,000...
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Woods Legal Services has 4,000,000 shares authorized of $5 par value common stock and 600,000 shares are issued and outstanding. Woods Legal Services declares a $2 /share dividend on December 1 , for shareholders of record on December 10, to be paid on December 20 . Bruiser and Emmett each own stock in Woods Legal Services on December 1. Bruiser sells his stock on December 8 and Emmett sells his stock on December 15 . Who receives a dividend from Woods Legal Services? Both Bruiser and Emmett receive the dividend Bruiser receives the dividend but Emmett does not Neither Bruiser nor Emmett receive the dividend Emmett receives the dividend but Bruiser does not
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