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What amount will be recorded as cash dividends

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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?

A. $22,000

B. $25,000

C. $44,000

D. $50,000

Reference no: EM132709354

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