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The charter of a corporation provides for the issuance of 90,375 shares of common stock....

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Accounting

The charter of a corporation provides for the issuance of 90,375 shares of common stock. Assume that 42,763 shares were originally issued and 4,453 were subsequently reacquired. What is the amount of cash dividends to be paid if a $1 per share dividend is declared?

a.$90,375

b.$4,453

c.$38,310

d.$42,763

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