ABC Corporation declared the regular quarterly divi- dend of $2 per share. ABC had issued 12,000 shares

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ABC Corporation declared the regular quarterly divi- dend of $2 per share. ABC had issued 12,000 shares and subsequently reacquired 2,000 shares as treasury stock. What would be the total amount of the dividend? lop85

a. $24,000.

b. $28,000.

c. $20,000.

d. $4,000.

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Accounting A Business Perspective

ISBN: 9780075615859

7th Edition

Authors: Roger H. Hermanson, James Don Edwards, Michael W. Maher

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Question Posted: Jul 01, 2024 02:11 AM

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ABC Corporation declared the regular quarterly divi- dend of $2 per share. ABC had issued 12,000 shares

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Accounting A Business Perspective

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