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Brown Corporation authorized 1,000,000 shares of stock; 800,000 shares were issued and 100,000 shares were purchased as treasury stock. The board of directors authorized

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Brown Corporation authorized 1,000,000 shares of stock; 800,000 shares were issued and 100,000 shares were purchased as treasury stock. The board of directors authorized a $.10 per share cash dividend which was paid during the year. Based upon this information determine the amount of dividends paid?

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