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The charter of a corporation provides for the issuance of 89,088 shares of common stock. Assume that 42,484 shares were originally issued and 4,678 were

The charter of a corporation provides for the issuance of 89,088 shares of common stock. Assume that 42,484 shares were originally issued and 4,678 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2-per-share dividend is declared? a. $75,612 b. $89,088 c. $42,484 d. $4,678

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