Question
The charter of a corporation provides for the issuance of 103,175 shares of common stock. Assume that 39,100 shares were originally issued and 4,791 were
The charter of a corporation provides for the issuance of 103,175 shares of common stock. Assume that 39,100 shares were originally issued and 4,791 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2-per-share dividend is declared?
a.$68,618
b.$4,791
c.$39,100
d.$103,175
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
22nd Edition
324401841, 978-0-324-6250, 0-324-62509-X, 978-0324401844
