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How much cash will the company pay for dividends

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Problem 1: A company has 500,000 shares authorized, 100,000 shares issued, and 10,000 shares in Treasury Stock. It declares cash dividends of $1 per share. How much cash will the company pay for dividends?

Option 1: $100,000

Option 2: $90,000

Option 3: $400,000

Option 4: $10,00

Option 5: $490,000c

Reference no: EM132822960

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