Question
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
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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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077328894, 71313974, 9780077395810, 77328892, 9780071313971, 77395816, 978-0077400163
