A corporation has issued 25,000 shares of $100 par common stock and holds 3,000 of these shares
Question:
A corporation has issued 25,000 shares of $100 par common stock and holds 3,000 of these shares as treasury stock. If the corporation declares a $2 per share cash dividend, what amount will be recorded as cash dividends?
a. $22,000
b. $25,000
c. $44,000
d. $50,000.
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Related Book For 
Corporate Financial Accounting
ISBN: 9781337398176
15th Edition
Authors: Carl Warren, Jefferson Jones
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