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A company's board of directors' votes to declare a cash dividend of $0.75 per share. The company has 15,000 shares authorized, 10,000 issued and 9,500 shares outstanding. The total amount of the cash dividend is:

a) $375

b) $4,125

c) $7,125

d) $7,500

e) $11,250

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M946446

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