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Flexco corporation charter provides for the issuance of 200,000 shares of common stock. Assume that 35,000 shares were originally issued and 5,000 were subsequently reacquired.

Flexco corporation charter provides for the issuance of 200,000 shares of common stock. Assume that 35,000 shares were originally issued and 5,000 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2.50 per share dividend is declared? a. $80,000 b. $75,000 c. $87,500 d. $12.500

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