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a corporation issues 50,000 shares of $50 par common stock and holds 5,000 shares of these shares as treasury stock. if the corporation declares a

a corporation issues 50,000 shares of $50 par common stock and holds 5,000 shares of these shares as treasury stock. if the corporation declares a $3 per share cash dividend, what amount will be record as a cash dividend and (b) record the entry for the Issuance of the stocks and (c) the payment of the cash dividend.

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