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ABC, Inc. has 50,000 common shares issued at a $1 par value of which 30,000 are outstanding. If ABC has no other outstanding stock, what
ABC, Inc. has 50,000 common shares issued at a $1 par value of which 30,000 are outstanding. If ABC has no other outstanding stock, what total dividends ABC should pay so that each share receives $2.00?
A. $50,000
B. $ 80,000
C. $ 60,000
D. $ 50,000
E. None of the above
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