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What amount will be recorded as cash dividends

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Problem 1: A corporation has issued 30,000 shares of $50 par common stock and holds 5,000 of these shares as treasury stock. If the corporation declares a $1 per share cash dividend, what amount will be recorded as cash dividends?

Option 1: $5,000

Option 2: $30,000

Option 3: $25,000

Option 4: $2,500

Reference no: EM132950821

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