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A corporation's board of directors approves a cash dividend of $0.85 per share. The corporation has 100,000 shares of stock authorized, 80,000 shares issued
A corporation's board of directors approves a cash dividend of $0.85 per share. The corporation has 100,000 shares of stock authorized, 80,000 shares issued and 80,000 shares outstanding. The total amount of the cash dividend is equal to: O $80,000. O $68,000. O $85,000. O $15,000.
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Advanced Accounting
Authors: Debra Jeter, Paul Chaney
6th edition
978-1118742945, 111874294X, 978-1119045946, 1119045940, 978-1119119364
