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36) A company's board of directors votes to declare a cash dividend of...

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Accounting

36) A company's board of directors votes to declare a cash
dividend of $1.45 per share of common stock. The company has 29,000
shares authorized, 24,000 issued, and 23,500 shares outstanding.
The total amount of the cash dividend is:$41,050.$42,050.$34,075.$34,800.$68,875.

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