4. Incentive Corporation has $38,000 in the company's bank account. What is the maximum amount...
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4. Incentive Corporation has $38,000 in the company's bank account. What is the maximum amount of cash dividends the company can declare and distribute? The following information applies to the questions displayed below) Incentive Corporation was authorized to issue 12,000 shares of common stock, each with a $1 par value. During its first year, the following selected transactions were completed a. Issued 6,800 shares of common stock for cash at $28 per share. b. Issued 2,800 shares of common stock for cash at $31 per share
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