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The charter of a corporation provides for the issuance of 94,448 shares of common stock....

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Accounting

The charter of a corporation provides for the issuance of 94,448 shares of common stock. Assume that 35,607 shares were originally issued and 4,828 were subsequently reacquired. What is the amount of cash dividends to be paid if a $1-per-share dividend is declared?
a. $35,607
b. $4,828
c. $30,779
d. $94,448

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