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On December 31, Year 1, Delta issues 1 million shares of common stock to equity investors in exchange for $50 million in cash. Delta traditionally
On December 31, Year 1, Delta issues 1 million shares of common stock to equity investors in exchange for $50 million in cash. Delta traditionally declares and pays an annual dividend of $2 per share during November (the next dividend will be declared and paid during November Year 2). How much of a liability will Delta record on December 31, Year 1, related to the share issuance
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