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Lenc Company has 200,000 shares authorized, 150,000 shares issued, and 25,000 shares of Treasury stock on January 1, 2016. On March 1, they declared a
Lenc Company has 200,000 shares authorized, 150,000 shares issued, and 25,000 shares of Treasury stock on January 1, 2016. On March 1, they declared a 15% stock dividend. The company then declared a $0.70 per share cash dividend. What is the amount of dividends payable?
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Advanced Accounting
Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng
11th edition
538480289, 978-0538480284
