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A corporation has issued 4,000 shares of $3 par common stock and holds 1,000 of these shares as treasury stock. If the corporation declares a

A corporation has issued 4,000 shares of $3 par common stock and holds 1,000 of these shares as treasury stock. If the corporation declares a $0.25 per share cash dividend, what amount will be recorded as cash dividends? $3,000 $750 $1,000 $12,000 Question 3

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