Question
The charter of a corporation provides for the issuance of 114,718 shares of common stock. Assume that 36,568 shares were originally issued and 3,649 were
The charter of a corporation provides for the issuance of 114,718 shares of common stock. Assume that 36,568 shares were originally issued and 3,649 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2-per-share dividend is declared?
a.$3,649
b.$65,838
c.$36,568
d.$114,718
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Auditing A Business Risk Approach
Authors: Larry E. Rittenberg, Karla Johnstone, Audrey Gramling
7th Edition
0324663722, 978-0324663723
