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What is the amount of cash dividends

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Question - The charter of a corporation provides for the issuance of 92,401 shares of common stock. Assume that 36,383 shares were originally issued and 3,240 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2-per-share dividend is declared?

a.$66,286

b.$3,240

c.$36,383

d.$92,401

Reference no: EM132556429

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