A corporation has issued 25,000 shares of $100 par common stock and holds 3,000 of these shares

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A corporation has issued 25,000 shares of $100 par common stock and holds 3,000 of these shares as treasury stock. If the corporation declares a $2 per share cash dividend, what amount will be recorded as cash dividends?

a. $22,000

b. $25,000

c. $44,000

d. $50,000

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Financial And Managerial Accounting

ISBN: 9781337902663

15th Edition

Authors: Carl S. Warren, Jefferson P. Jones, William B. Tayler

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Question Posted: Feb 07, 2024 06:32 AM

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A corporation has issued 25,000 shares of $100 par common stock and holds 3,000 of these shares

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c If a corporation that holds treasury stock declares a cash dividend the ...View the full answer

Financial And Managerial Accounting

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