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The board decided to give a dividend to the stockholders. There are 100,000 outstanding stocks....

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Accounting

The board decided to give a dividend to the stockholders. There are 100,000 outstanding stocks. The dividend they elected to pay was $125K based on earnings from the previous year; those earnings were $90K.

1. What were the steps to be taken to payout the dividend? 2. This is the beginning of a new year when will the first dividend be paid.

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