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An entity issued 40 shares of $1 par value common stock and reported 10 shares of common stock in its treasury. This firm declared and
An entity issued 40 shares of $1 par value common stock and reported 10 shares of common stock in its treasury. This firm declared and paid a $0.10 per share cash dividend on common stock. The total amount of the dividend paid was
a. $3.00
b. $4.00
c. $1.00
d. $0.
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