What amount will be recorded as cash dividends, Financial Accounting

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What amount will be recorded as cash dividends

Response to the following problem:

A corporation has issued 25,000 shares of $100 par common stock and holds 3,000 of these shares as treasury stock. If the corporation declares a $2-per-share cash dividend, what amount will be recorded as cash dividends?

Provide step by step calculations.

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Financial Accounting: What amount will be recorded as cash dividends

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Financial Accounting: What amount will be recorded as cash dividends

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