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Company VWX paid cash dividends of $0.50 per share on its 100,000 outstanding shares of common stock. Calculate the total dividends paid by Company VWX

Company VWX paid cash dividends of $0.50 per share on its 100,000 outstanding shares of common stock. Calculate the total dividends paid by Company VWX and prepare the journal entry to record the payment of dividends. Discuss the significance of dividends for shareholders and the company's dividend policy in shareholder wealth maximization.

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