The charter of a corporation provides for the issuance of 89,000 shares of common stock. Assume...

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The charter of a corporation provides for the issuance of 89,000 shares of common stock. Assume that 45,000 shares were origi

business accounting

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Answer 1

Answer #1

Cash dividends to be paid

= Shares outstanding * Dividends per share

= (45,000-4,000)*3 per share

= 41,000 * 3

= 123,000

Option A is the answer

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Answer 2

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