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Tangshan Mining has common stock at par of R200,000, paid in capital in excess of par of R400,000, and retained earnings of R280,000. In states

Tangshan Mining has common stock at par of R200,000, paid in capital in excess of par of R400,000, and retained earnings of R280,000. In states where the firm's legal capital is defined as the par value of common stock, the firm could pay out ________ in cash dividends without impairing its capital.*

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