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The charter of a corporation provides for the issuance of 95,225 shares of common stock....

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Accounting

The charter of a corporation provides for the issuance of 95,225 shares of common stock. Assume that 38,366 shares were originally issued and 4,139 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2-per-share dividend is declared?

a. $38,366

b. $95,225

c. $68,454

d. $4,139

No

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