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Your company was authorized to issue 200,000 share of common stock at par value of...

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Accounting

Your company was authorized to issue 200,000 share of common stock at par value of $25. 160,000 shares were outstanding. On April 15, 2001 your Board of Director declared $.20 as dividens for stock holders of record on June 1, 2001 to be paid on July 1, 2001.

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