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Ashkenazi Companies has the following stockholders' equity account; common stock (350,000 shares at $3 par) 1,050,000 paid in capital in excess of pare 2,500,000 retained
Ashkenazi Companies has the following stockholders' equity account; common stock (350,000 shares at $3 par) 1,050,000 paid in capital in excess of pare 2,500,000 retained earnings 750,000 total stockholders' equity 4,300,000 Assuming that state laws define legal capital solely as the par value of common stock, how much of a per-share dividend can Ashkenazi pay? If legal capital were more broadly defined to include all paid in capital, how much of a per share dvidend could Ashkenzi pay
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