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A company's board of directors votes to declare a cash dividend of $120 per share of common stock. The company has 24,000 shares authorized, 19,000

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A company's board of directors votes to declare a cash dividend of $120 per share of common stock. The company has 24,000 shares authorized, 19,000 Issued, and 18.500 shares outstanding. The total amount of the cash dividend is Multiple Choice $2700 $22.200

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