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Bal corporation declared a $250 cash dividend on May 8, 20X5, to stockholders of record on May 23, 20X5 payable o June 3,20X5. As a

Bal corporation declared a $250 cash dividend on May 8, 20X5, to stockholders of record on May 23, 20X5 payable o June 3,20X5. As a result of this cash dividend, working capital

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