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When the board of directors declare a share dividends

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Problem 1: ABC Corporation has 200,000 ordinary shares authorized, 150,000 shares issued and 120,000 shares outstanding. When the board of directors declare a 10% share dividends, this is base on

A. 120,000 shares outstanding.
B. 50,000 unissued ordinary shares.
C. 150,000 shares issued.
D. 200,000 shares authorized.

Reference no: EM132940031

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