Problem

Determining the Amount of a DividendJacobs Company has 288,000 shares of common stock auth...

Determining the Amount of a Dividend

Jacobs Company has 288,000 shares of common stock authorized, 260,000 shares issued, and 60,000 shares of treasury stock. The company’s board of directors declares a dividend of 65 cents per share. What is the total amount of the dividend that will be paid?

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