Solved: Abc had issued 12000 shares and subsequently reacquired, Accounting Basics

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Abc had issued 12000 shares and subsequently reacquired

Question - ABC Corporation declared the regular quarterly dividend of $2 per share. ABC had issued 12,000 shares and subsequently reacquired 2,000 shares as treasury stock. What would be the total amount of the dividend?

$24,000.

$28,000.

$20,000.

$4,000.

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Accounting Basics: Abc had issued 12000 shares and subsequently reacquired

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Accounting Basics: Abc had issued 12000 shares and subsequently reacquired

Reference No:- TGS02823584

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