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Omar
Lv 6
can you help me with my accounting problem?
im having trouble with it
A company's board of directors votes to declare a cash dividend of $.75 per share. The company has 25,000 shares authorized, 21,000 issued, and 18,900 shares outstanding. The total amount of the cash dividend is:
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- olliverLv 66 years agoFavorite Answer
Dividends are only paid on the outstanding shares.
18900 x 0.75 = 14175
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