A companys board of directors votes to declare a cash, Accounting Basics

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A companys board of directors votes to declare a cash

Question: A company's board of directors votes to declare a cash dividend of $1.00 per share of common stock The company has 20,000 shares authorized, 15.000 Issued, and 14.500 shares outstanding. The total amount of the cash dividend is:

$19,000.

$14, 500.

$15,000.

$20,000.

$29, 500.

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Accounting Basics: A companys board of directors votes to declare a cash

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Accounting Basics: A companys board of directors votes to declare a cash

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