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The charter of a corporation provides for the issuance of

Question - The charter of a corporation provides for the issuance of 98,116 shares of common stock. Assume that 37,619 shares were originally issued and 3,878 were subsequently reacquired. What is the amount of cash dividends to be paid if a $4 per share dividend is declared?

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Accounting Basics: The charter of a corporation provides for the issuance of

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