General Electric declares a cash dividend of $1.15 per share of common stock. The company...

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Accounting

General Electric declares a cash dividend of $1.15 per share of common stock. The company has 23,000 shares authorized, 18,000 issued, and 17,500 shares outstanding.
The total amount of the cash dividend is:
Multiple Choice
$25,450
$20,125.
$26,450.
$20,700.
$40,825
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